Located in the mid-Peninsula, San Mateo County is located between San Francisco to the north and Silicon Valley to the south, pin pointing San Mateo as part of the Bay Area’s hub of innovation. Both Pier 1 Imports and Electronic Arts got their starts in the city of San Mateo and the county is home to several Fortune 500 companies such as Oracle, Visa, Facebook, Gilead Sciences and Franklin Funds. San Mateo businesses can tap into a pool of talent fed by UC Berkeley, Stanford, UC San Francisco, Santa Clara and San Jose State University. The city of San Mateo also serves as a transportation nexus, surrounded by three major highways, three airports (including SFO), and the commuter rail, CalTrain.
San Mateo has a population of approximately 100,000 and is one of 20 incorporated cities that make up San Mateo County – a county of 800,000 people. With 500,000 workers primarily in knowledge-based industries, San Mateo County has the second-lowest unemployment rate in California, according to the San Mateo County Economic Development Association. Companies in the region are frequent beneficiaries of billions of dollars worth of venture-capital funding that has implications on the commercial real estate market.
The San Mateo commercial real estate market is traditionally highly active as tech-related firms deal with expansions and moves on a regular basis. Unlike size-constrained San Francisco, San Mateo has a mix of large suburban office parks and downtown quality, low rise buildings. San Mateo’s geography with access to land and logistical proximity to various forms of transportation also allows for a thriving industrial market.