Palo Alto, CA Office Space for Rent

Search 295 office listings in Palo Alto, CA and find helpful local stats in the Market Overview section below.

Embarcadero Corporate Center

2479 East Bayshore Road, Palo Alto Golf Course, Palo Alto, CA
Property

Office

101,040 SF
Availability

9 Spaces

29,407 SF
Year Built

1974
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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PALO ALTO TECHNOLOGY CENTER

3301-3307 Hillview Ave, Barron Park, Palo Alto, CA
Property

Office
Availability

1 Space

292,013 SF
For Lease

$3.95/SF/MO
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1117 South California Avenue

1117 South California Avenue, College Terrace, Palo Alto, CA
Property

Office

75,875 SF
Availability

3 Spaces

32,245 SF
Year Built

1956
For Lease

$7.25/SF/MO
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3350 West Bayshore Road

3350 West Bayshore Road, Palo Verde, Palo Alto, CA
Property

Office

60,000 SF
Availability

4 Spaces

33,127 SF
Year Built

1983
For Lease

$4.00 - $6.95/SF/MO
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Stanford Research Park - Palo Alto Square

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

Office

333,254 SF
Availability

6 Spaces

71,198 SF
Year Built

1972
For Lease

$7.50 - $8.60/SF/MO
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Stanford Research Park - 3450-3460 Hillview Avenue

3450 Hillview Avenue, Coyote Hill, Palo Alto, CA
Property

Office

76,940 SF
Availability

1 Space

31,386 SF
Year Built

1979
For Lease

$7.50/SF/MO
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525 University Avenue

525 University Avenue, Downtown North Palo Alto, Palo Alto, CA
Property

Office

168,632 SF
Availability

2 Spaces

18,372 SF
Year Built

1966
For Lease Contact for pricing
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Stanford Research Park - 3200-3300 Hillview Avenue

3200 Hillview Avenue, Barron Park, Palo Alto, CA
Property

Office

106,366 SF
Availability

1 Space

10,517 SF
Year Built

1963
For Lease

$5.50/SF/MO
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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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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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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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University Circle - 2000 University Circle

2000 University Avenue, East Palo Alto, CA
Property

Office

143,429 SF
Availability

1 Space

147,389 SF
Year Built

2002
For Lease

$7.65/SF/MO
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325 Lytton Avenue

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

Office

30,819 SF
Availability

2 Spaces

14,801 SF
Year Built

2009
For Lease Contact for pricing
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Stanford Research Park - Page Mill Center

1500 Page Mill Road, College Terrace, Palo Alto, CA
Property

Office

176,254 SF
Availability

4 Spaces

103,378 SF
Year Built

1972
For Lease

$5.75/SF/MO
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MAYFIELD OFFICE BUILDING

385 Sherman Ave, Mayfield, Palo Alto, CA
Property

Office
Availability

1 Space

63,618 SF
For Lease Contact for pricing
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Stanford Research Park - VMWare Creekside

900 Arastradero Road, Coyote Hill, Palo Alto, CA
Property

Office

265,490 SF
Availability

4 Spaces

148,651 SF
Year Built

1969
For Lease

$6.00 - $6.50/SF/MO
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101 University Avenue & 444 High Street & 447 Alma Street

101 University Avenue, Downtown North Palo Alto, Palo Alto, CA
Property

Office

28,929 SF
Availability

3 Spaces

11,460 SF
Year Built

1982
For Lease

$6.75 - $7.95/SF/MO
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OFFICE SPACE FOR LEASE

525 University Ave, Downtown North Palo Alto, Palo Alto, CA
Property

Office
Availability

4 Spaces

17,422 SF
Year Built

1966
For Lease

$3.00 - $12.50/SF/MO
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Foundation Capital

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

Office

28,085 SF
Availability

1 Space

8,024 SF
Year Built

2016
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 $103.2 per square foot. Meanwhile, the minimum rental rate in Palo Alto is $54 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 157 $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 59.21% of total office space listings in Palo Alto are in properties rated class A. Class B space makes up 39.8% 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 66.37% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 33.63% of the local market and adds up to a total of 1,402,698 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% 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

2

1925 - 1950

39

1950 - 1975

52

1975 - 2000

50

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 35 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 11 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

11

TOTAL

7

Gold

3

Platinum

1

Silver

Size by Leed certification in Palo Alto, CA

TOTAL

1,889,377

Gold

1,338,075

Platinum

457,972

Silver

93,330

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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