Redwood City, CA
Commercial Real Estate Market Trends & Data

$633 Avg asking sale price
$42 Avg asking lease rate
24,637 SF Avg unit lease size
12,467 SF Avg building size for sale
4.84% Average cap rate

Redwood City's Demographic Profile

Redwood City has 29,168 households and a median income of $139,001, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 79,974
# Households 29,168
Median age 40
Median household income $139,001
Avg household size 3.0
Renter-occupied housing units 16,009
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Redwood City, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Redwood City $945 13,005 SF 6.70%
Atherton $1,323 7,062 SF 3.50%
San Carlos $964 5,921 SF 6.70%
Portola Valley $1,039 6,000 SF 5.50%
Belmont $774 9,102 SF 4.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Redwood City $536 12,002 SF 6.95%
San Carlos $443 11,227 SF 3.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Redwood City $709 15,751 SF
Atherton $448 9,734 SF
San Carlos $797 9,074 SF
Belmont $733 5,790 SF
Menlo Park $854 7,943 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Redwood City $524 6,711 SF 6.06%
Atherton $572 5,407 SF 6.06%
San Carlos $562 9,286 SF 6.50%
Belmont $575 8,892 SF 6.50%
Menlo Park $765 14,264 SF 4.78%

Commercial Properties For Sale in Redwood City

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

993 Laurel St

San Carlos, CA 94070

  • 17,853 SF Office Building
  • Price Upon Request
For Sale

1024 10th Ave

Redwood City, CA 94063

  • 7,600 SF Multifamily
  • 4.56% Cap Rate
  • $4,000,000
For Sale

2809 S El Camino Real

Redwood City, CA 94061

  • 0.37 AC Lot
  • 1 Commercial Lot
  • $3,750,000
For Sale

580 Chestnut St

San Carlos, CA 94070

  • 4,800 SF Multifamily
  • 2.35% Cap Rate
  • $2,899,000
For Sale

3301 Middlefield Rd

Menlo Park, CA 94025

  • 16,124 SF Retail Building
  • 6.58% Cap Rate
  • $4,800,000
For Sale

128 Roosevelt Ave

Redwood City, CA 94061

  • 12,572 SF Multifamily
  • 3.19% Cap Rate
  • $2,688,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Redwood City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Redwood City $633 12,467 SF
Woodside $908 38,381 SF
Atherton $656 6,768 SF
San Carlos $674 10,195 SF

Multifamily Properties For Sale in Redwood City

For Sale

580 Chestnut St

San Carlos, CA 94070

  • 4,800 SF Multifamily
  • 2.35% Cap Rate
  • $2,899,000

Regional Demographic Comparison

This comparison places Redwood City alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Redwood City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Redwood City 79,974 29,168 40 $139,001 3 16,009 -4%
Woodside 4,936 1,789 52 $240,410 3 291 -5%
Emerald Hills 24,803 9,249 47 $203,839 3 2,591 -5%
Atherton 7,044 2,193 49 $247,781 3 251 -3%
San Carlos 29,131 11,114 45 $202,470 3 3,458 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Redwood City, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Redwood City

View All Commercial Real Estate For Sale in Redwood City
Is Redwood City a good market for a first-time commercial real estate investor?

Redwood City offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Redwood City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Redwood City. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Redwood City?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Redwood City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Redwood City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Redwood City. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Redwood City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Redwood City, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends