Redwood City, a city located on the San Francisco Peninsula in Northern California's Bay Area, offers a unique opportunity for investors to capitalize on the growing demand for retail properties. With a population of approximately 80,000 residents, Redwood City provides a diverse customer base for businesses. Retail properties in Redwood City can represent a variety of investments, from small, independent boutiques to large, national chain stores. The city's downtown area has undergone revitalization efforts, including the opening of a history museum and a 20-screen theater complex, making it an attractive location for businesses. Additionally, Redwood City is home to several global technology companies, including Electronic Arts and Equinix, which contributes to the city's economic activity. The city's mild Mediterranean climate, diverse geography, and excellent schools, including Cañada College and Sequoia High School, make it an attractive location for businesses and residents alike.
Currently, there are 19 retail properties for sale in Redwood City, offering a range of options for investors. The average price per square foot for retail properties in Redwood City is $716 USD, with an average size of 10,812 square feet. The largest retail property available for sale is 175,625 square feet. In addition to retail properties, Redwood City also offers shopping centers, restaurants, office properties, and hotels for sale. Shopping centers in Redwood City offer a range of retail and dining options, while restaurants in the city provide a diverse range of cuisines. Office properties in Redwood City are home to several major tech companies, including BroadVision and GoFundMe. Hotels in the city offer convenient accommodations for visitors and business travelers. With its diverse economy, excellent schools, and attractive location, Redwood City is an excellent choice for businesses and investors.
What is the average cap rate for retail properties in Redwood City?
When it comes to retail properties in Redwood City, investors can expect an average cap rate of 3.16%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is, and how it's calculated - you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Redwood City, the location of a retail property plays a significant role in determining its value, with properties situated in high-traffic areas such as downtown Redwood City, near major transportation hubs like Caltrain, or along busy thoroughfares like El Camino Real and U.S. Route 101, commanding higher prices due to their exposure to a large customer base.
Foot traffic, in particular, is a crucial factor, as it directly impacts a retailer's ability to attract customers and drive sales, making properties with high foot traffic, such as those near popular attractions like the San Mateo County History Museum or the 20-screen theater complex, more valuable and desirable to investors, with 19 available listings of retail properties in Redwood City offering a range of options to suit different investment strategies.
