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Introduction Foster City is undertaking a comprehensive Real Estate Economic Market Analysis to better understand current market conditions, future economic trends, and opportunities to strengthen the local economy. The study will inform City Council decision-making and help guide future land use, economic development, and business-attraction strategies.
The City has retained Kosmont Companies to conduct the analysis and provide advisory recommendations.
This study will help Foster City:
Understand current real estate and economic conditions
Identify unmet market demand and emerging trends
Evaluate the performance of existing commercial areas
Explore opportunities to support local businesses
Inform long-term planning and economic policy decisions
Note: The analysis is advisory in nature and will not, by itself, change zoning or land use regulations.
What is the scope of the study? The market analysis will evaluate the following areas citywide:
Economic & Real Estate Conditions
Office, retail, commercial, life science, hospitality, and mixed-use markets
Vacancy rates, lease rates, and tenant mix
Supply and demand trends
Market leakage (where spending leaves the City)
Demographic & Consumer Trends
Population and household characteristics
Employment and commute patterns
Consumer spending behavior
Psychographic profiles to understand retail and service needs
Retail & Shopping Centers
Performance of Foster City’s five major shopping centers
Opportunities to strengthen existing businesses
Potential for new or expanded retail and services
Opportunity Sites
Review of underutilized or redevelopable properties
Consideration of market feasibility and infrastructure needs
Identification of sites with redevelopment or repurposing potential
How will the study be used?
The final report will:
Summarize key findings and market trends
Identify opportunities and constraints
Provide an action plan and recommended next steps
Support future City Council policy discussions
The report will be presented publicly to the City Council and made available on the City’s website.
Get involved Residents and businesses are encouraged to participate. Ways to stay informed:
Attend community meetings
Participate in surveys
Review posted materials and updates
Note: Return to this page as the study advances to learn more about forthcoming community engagement opportunities.
Questions? Contact: Sofia Mangalam, Community Development Director
Email: smangalam@fostercity.org
Introduction Foster City is undertaking a comprehensive Real Estate Economic Market Analysis to better understand current market conditions, future economic trends, and opportunities to strengthen the local economy. The study will inform City Council decision-making and help guide future land use, economic development, and business-attraction strategies.
The City has retained Kosmont Companies to conduct the analysis and provide advisory recommendations.
This study will help Foster City:
Understand current real estate and economic conditions
Identify unmet market demand and emerging trends
Evaluate the performance of existing commercial areas
Explore opportunities to support local businesses
Inform long-term planning and economic policy decisions
Note: The analysis is advisory in nature and will not, by itself, change zoning or land use regulations.
What is the scope of the study? The market analysis will evaluate the following areas citywide:
Economic & Real Estate Conditions
Office, retail, commercial, life science, hospitality, and mixed-use markets
Vacancy rates, lease rates, and tenant mix
Supply and demand trends
Market leakage (where spending leaves the City)
Demographic & Consumer Trends
Population and household characteristics
Employment and commute patterns
Consumer spending behavior
Psychographic profiles to understand retail and service needs
Retail & Shopping Centers
Performance of Foster City’s five major shopping centers
Opportunities to strengthen existing businesses
Potential for new or expanded retail and services
Opportunity Sites
Review of underutilized or redevelopable properties
Consideration of market feasibility and infrastructure needs
Identification of sites with redevelopment or repurposing potential
How will the study be used?
The final report will:
Summarize key findings and market trends
Identify opportunities and constraints
Provide an action plan and recommended next steps
Support future City Council policy discussions
The report will be presented publicly to the City Council and made available on the City’s website.
Get involved Residents and businesses are encouraged to participate. Ways to stay informed:
Attend community meetings
Participate in surveys
Review posted materials and updates
Note: Return to this page as the study advances to learn more about forthcoming community engagement opportunities.
Questions? Contact: Sofia Mangalam, Community Development Director
