Palo Alto, CA Office Space for Rent

Search 321 office listings in Palo Alto, CA and find helpful local stats in the Market Overview section below.

400 Hamilton Avenue

400 Hamilton Avenue, University South, Palo Alto, CA
Property

Office

85,000 SF
Availability

3 Spaces

19,619 SF
Year Built

1983
For Lease Contact for pricing
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PALO ALTO SQUARE

5 Palo Alto Square 5, Barron Park, Palo Alto, CA
Property

Office
Availability

1 Space

4,740 SF
Year Built

1971
For Lease Contact for pricing
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Stanford Research Park - 855-901 South California Avenue

855 South California Avenue, College Terrace, Palo Alto, CA
Property

Office

118,800 SF
Availability

1 Space

11,859 SF
Year Built

1955
For Lease Contact for pricing
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FOOTHILL RESEARCH CENTER

4005 Miranda Ave, Barron Park, Palo Alto, CA
Property

Office
Availability

1 Space

38,698 SF
For Lease

$3.50/SF/MO
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Stanford Research Park - 2625, 2627 & 2631 Hanover Street

2625 Hanover Street, College Terrace, Palo Alto, CA
Property

Office

32,074 SF
Availability

1 Space

7,660 SF
Year Built

1966
For Lease

$7.50/SF/MO
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1001 PAGE MILL

1001 Page Mill Rd 2-3, Barron Park, Palo Alto, CA
Property

Office
Availability

3 Spaces

106,545 SF
For Lease

$5.50 - $6.25/SF/MO
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260 North California Avenue

260 North California Avenue, Evergreen Park, Palo Alto, CA
Property

Office

33,923 SF
Availability

2 Spaces

25,997 SF
Year Built

2015
For Lease Contact for pricing
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3101 Park Boulevard
WeWork
3101 Park Boulevard, Palo Alto, CA
Services

Open Workspace

Event Space

Meeting Room

Dedicated Desk
Amenities

Bike storage

Ethernet

High-speed wifi

IT support

Lounge area

Mother’s room

Office supplies

Paper shredding services

Parking

Pet friendly
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OFFICE SPACE FOR LEASE

388 Cambridge Ave, Evergreen Park, Palo Alto, CA
Property

Office
Availability

1 Space

32,600 SF
For Lease

$10.25/SF/MO
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Stanford Research Park - 1450 Page Mill Road

1450 Page Mill Road, College Terrace, Palo Alto, CA
Property

Office

77,634 SF
Availability

3 Spaces

118,903 SF
Year Built

2017
For Lease Contact for pricing
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University Circle - 1900 University Circle

1900 University Avenue, East Palo Alto, CA
Property

Office

149,700 SF
Availability

7 Spaces

105,248 SF
Year Built

2001
For Lease

$91.80/SF/YR
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UNIVERSITY CIRCLE

1950 University Ave, East Palo Alto, CA
Property

Office
Availability

5 Spaces

70,923 SF
Year Built

2002
For Lease

$7.65/SF/MO
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425 Page Mill Road

425 Page Mill Road, Ventura, Palo Alto, CA
Property

Office

20,072 SF
Availability

3 Spaces

20,072 SF
Year Built

2018
For Lease Contact for pricing
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255 & 265 Lytton Avenue

265 Lytton Avenue, Downtown North Palo Alto, Palo Alto, CA
Property

Office

42,962 SF
Availability

1 Space

1,502 SF
Year Built

1926
For Lease Contact for pricing
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FOOTHILL RESEARCH CENTER

4009 Miranda Ave, Barron Park, Palo Alto, CA
Property

Office
Availability

1 Space

54,744 SF
Year Built

1991
For Lease Contact for pricing
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228 Hamilton Avenue

228 Hamilton Avenue, University South, Palo Alto, CA
Property

Office

26,657 SF
Availability

5 Spaces

2,650 SF
Year Built

2001
For Lease Contact for pricing
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Stanford Research Park - Palo Alto Square

3000 El Camino Real, Barron Park, Palo Alto, CA
Property

Office

330,588 SF
Availability

4 Spaces

34,029 SF
Year Built

1972
For Lease

$7.50 - $7.95/SF/MO
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Baylands Business Park

2440 Embarcadero Way, Palo Alto Golf Course, Palo Alto, CA
Property

Office

54,233 SF
Availability

4 Spaces

32,829 SF
Year Built

1977
For Lease Contact for pricing
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Stanford Research Park - 1001 Page Mill Road

1001 Page Mill Road, Barron Park, Palo Alto, CA
Property

Office

148,190 SF
Availability

2 Spaces

52,936 SF
Year Built

1989
For Lease

$5.50/SF/MO
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Stanford Research Park - 777 California Avenue

777 California Avenue, College Terrace, Palo Alto, CA
Property

Office

46,800 SF
Availability

1 Space

11,192 SF
Year Built

1955
For Lease Contact for pricing
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Office Space Rents in Palo Alto, CA

Asking prices for office space in Palo Alto vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.

Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Palo Alto space rated Class A averages $99.00 per square foot. Meanwhile, Class B space in Palo Alto asks $75.44 per square foot, on average.

Overall, the average rent for office space in Palo Alto is $87.75 per square foot. The maximum rental rate among listings for lease in Palo Alto is $105 per square foot. Meanwhile, the minimum rental rate in Palo Alto is $58.2 per square foot.

Average Office Rents by Property Class in Palo Alto vs California

Palo Alto Class A & A+ Office Space

$99

California Class A & A+ Office Space

$56.3

Palo Alto Class B Office Space

$75.44

California Class B Office Space

$37.45

Top Locations to Rent Office Space in Palo Alto, CA

There is no one-size-fits-all answer as to what the best office space for rent location is in Palo Alto. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.

However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors. In Palo Alto, the greatest concentration of office for rent opportunities is in Palo Alto.

For your consideration, the average rent for office space in Palo Alto is $87.75 per square foot, but you should expect some price variation across the market, depending on factors like location and property class. For example, the asking rents in Palo Alto average $99 for class A space, but is $75.44, on average, for class B listings, and $99 for class C.

Best Areas to Rent Office Space in Palo Alto

Submarket No. of Listings Avg. Asking Rent Class A&A+ Rent Class B Rent Class C Rent Vacancy Rate

Palo Alto 167 $87.75 $99 $75.44 $99 24.43%

Key Factors to Consider when Choosing an Office Space for Rent in Palo Alto, CA

The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.

Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.

A local breakdown by property class shows that about 59.2% of total office space listings in Palo Alto are in properties rated class A. Class B space makes up 39.81% of total space available in Palo Alto. Class C space listed for rent locally accounts for 0.99% of total opportunities on the local leasing market.

If considering quality space by property age, the Palo Alto market is also a mixed bag in this respect. About 67.05% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 32.95% of the local market and adds up to a total of 1,275,855 square feet.

However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 0.61% of all office properties here are buildings that have been renovated at least once since 2000.

Palo Alto, CA Office Space for Lease by Building Class

Class A
Class B
Class C

Palo Alto, CA Office Property By Year Built

4

1925 - 1950

40

1950 - 1975

52

1975 - 2000

47

After 2000

Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Palo Alto, you can find 27 listings for rent that are in LEED-certified or LEED-proposed properties. So-called “green” office space includes several types of certification and accounts for about 16% of the Palo Alto market. The local market is home to 10 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council. Currently, Palo Alto has 1 LEED-proposed office building(s) awaiting certification.

Number of Buildings by Leed certification in Palo Alto, CA

10

TOTAL

8

Gold

2

Platinum

Size by Leed certification in Palo Alto, CA

TOTAL

1,703,702

Gold

1,410,573

Platinum

293,129

Finding Office Space for Rent in Palo Alto, CA Near You

If you have a certain point of interest in mind for renting an office in Palo Alto, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.

Data was provided by CommercialEdge and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.

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