Palo Alto, CA Commercial Real Estate for Lease - 194 Listings

719 Colorado Avenue

719 Colorado Avenue, Midtown Palo Alto, Palo Alto, CA
Property

Office

6,588 SF
Availability

1 Space

686 SF
Year Built

1963
For Lease Contact for pricing
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3000 El Camino Real

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

Office

333,254 SF
Availability

5 Spaces

2,650 SF
Year Built

1972
For Lease Contact for pricing
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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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OFFICE SPACE FOR LEASE

250 Lytton Ave, Downtown North Palo Alto, Palo Alto, CA
Property

Office
Availability

1 Space

8,957 SF
For Lease Contact for pricing
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University Circle - 1950 University Circle

1950 University Avenue, East Palo Alto, CA
Property

Office

164,843 SF
Availability

7 Spaces

107,831 SF
Year Built

2001
For Lease

$91.80/SF/YR
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Town & Country Village

855 El Camino Real, University South, Palo Alto, CA
Property

Office

32,778 SF
Availability

10 Spaces

12,899 SF
Year Built

1953
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 Contact for pricing
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530 Lytton Avenue

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

Office

57,400 SF
Availability

1 Space

5,753 SF
Year Built

1975
For Lease Contact for pricing
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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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Stanford Research Park - 3420-3440 Hillview Avenue

3420 Hillview Avenue, Coyote Hill, Palo Alto, CA
Property

Office

188,850 SF
Availability

1 Space

14,710 SF
Year Built

1978
For Lease

$8.25/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

2 Spaces

8,510 SF
Year Built

1982
For Lease

$6.50 - $7.45/SF/MO
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3223 Hanover Street
Industrious
3223 Hanover Street, Palo Alto, CA
Services

Open Workspace

Meeting Room

Private Office
Amenities

Bike storage

Breakfast

Cleaning services

Complimentary coffee & tea

Concierge

EV charging stations

Happy hour

High-speed wifi

Kitchen

Mail services
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Stanford Research Park - Foothill Research Center

4001 Miranda Avenue, Barron Park, Palo Alto, CA
Property

Office

195,376 SF
Availability

7 Spaces

184,257 SF
Year Built

1990
For Lease Contact for pricing
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WAREHOUSE SPACE FOR LEASE

2905 El Camino Real, Ventura, Palo Alto, CA
Property

Industrial
Availability

1 Space

8,571 SF
For Lease

$1.95/SF/MO
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261 Hamilton Avenue

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

Office

48,400 SF
Availability

1 Space

36,700 SF
Year Built

1927
For Lease Contact for pricing
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435 Tasso Street

435 Tasso Street, Downtown North Palo Alto, Palo Alto, CA
Property

Office

31,292 SF
Availability

1 Space

3,032 SF
Year Built

1984
For Lease

$5.00/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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2100 El Camino Real

2100 El Camino Real, College Terrace, Palo Alto, CA
Property

Office

70,816 SF
Availability Contact for availability
Year Built

2017
For Lease Contact for pricing
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975 Page Mill Road

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

Unassigned

53,915 SF
Availability

2 Spaces

53,915 SF
For Lease

$90.00/SF/YR
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Palo Alto Business Park

1121 San Antonio Rd, Mayfield Island, Palo Alto, CA
Property

Industrial

100,000 SF
Availability

2 Spaces

15,012 SF
Year Built

1969
For Lease

$60.00/SF/YR
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300 Hamilton Avenue

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

Office

37,000 SF
Availability

2 Spaces

12,043 SF
Year Built

1964
For Lease

$8.25 - $10.25/SF/MO
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644 Emerson St

644 Emerson St, University South, Palo Alto, CA
Property

Office

8,600 SF
Availability

1 Space

2,238 SF
Year Built

1967
For Lease

$6.50/SF/MO
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Embarcadero Place - 2300 & 2400 Geng Road

2300 Geng Road, Palo Alto Golf Course, Palo Alto, CA
Property

Office

96,000 SF
Availability

3 Spaces

22,816 SF
Year Built

1984
For Lease

$4.85/SF/MO
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429 California Ave

429 California Ave, Mayfield, Palo Alto, CA
Property

Retail

4,326 SF
Availability

1 Space

4,047 SF
Year Built

1926
For Lease Contact for pricing
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245 Lytton Avenue

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

Office

57,151 SF
Availability

2 Spaces

11,569 SF
Year Built

1996
For Lease

$10.50/SF/MO
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379 Lytton Avenue

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

Office

34,619 SF
Availability

1 Space

34,619 SF
Year Built

1985
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Palo Alto commercial real estate market incorporates 6,700,815 square feet of office space across 153 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Palo Alto commercial real estate market includes 229,268 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Palo Alto market, there is a total of 389,143 square feet of industrial property.

The listing inventory in Palo Alto incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Palo Alto is represented by Office space, which accounts for 3,315,295 square feet of available listings. Industrial space available in Palo Alto adds up to 246,499 square feet.

Meanwhile, most of the listings of commercial property for sale in Palo Alto are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Palo Alto is $72.8 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Palo Alto can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $87.75 per square foot, industrial space in Palo Alto saw average rents of $51 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Palo Alto, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Palo Alto is in the University South neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the University South area.

Meanwhile, retail space opportunities are most abundant in the Mayfield submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Ventura.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $99 per square foot. In particular, the property type commanding the highest lease rates in Palo Alto was Office space.

Conversely, the highest sale price last year was $58,000,000 that is located at 2555 Park Blvd.

The average size of a commercial property in Palo Alto depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Palo Alto, the average size of an office property is 46,213 square feet.
Retail properties here incorporate an average of 10,918 square feet.
Industrial space in Palo Alto is in buildings that are, on average 25,943 square feet in size.

Palo Alto, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Palo Alto currently add up to 3,719,118 square feet. The market offers 153 active office listing(s), which amount to 3,306,119 square feet and account for 75% of commercial spaces on the market. Local retail availability includes 160,500 square feet across 32 retail space(s). Industrial space for rent opportunities in Palo Alto amount to 252,499 square feet across a total of 17 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	153	3,306,119
Retail	32	160,500
Industrial	17	252,499

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Palo Alto, CA. Currently, there is 133,527 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 2 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	6	103,262
Retail	2	19,650
Industrial	2	10,615

Palo Alto, CA Commercial Real Estate Market Overview

If Silicon Valley had a capitol, it would Palo Alto. The entire city feels like you’re on the brink of the future, yet still laid back and comfortable. On the west side of the South Bay Area, the city has been the jumping-off point for numerous multi-million- and billion-dollar tech companies, as well as young professionals from nearby Stanford University, located directly adjacent to downtown. The vibrant community boasts world-class amenities and restaurants, and you may even run into some tech of the future here.

Palo Alto, CA Commercial Real Estate for Lease - 194 Listings

719 Colorado Avenue

3000 El Camino Real

400 Hamilton Avenue

OFFICE SPACE FOR LEASE

University Circle - 1950 University Circle

Town & Country Village

PALO ALTO TECHNOLOGY CENTER

530 Lytton Avenue

425 Page Mill Road

Stanford Research Park - 3420-3440 Hillview Avenue

101 University Avenue & 444 High Street & 447 Alma Street

3223 Hanover Street

Stanford Research Park - Foothill Research Center

WAREHOUSE SPACE FOR LEASE

261 Hamilton Avenue

435 Tasso Street

Baylands Business Park

2100 El Camino Real

975 Page Mill Road

Palo Alto Business Park

300 Hamilton Avenue

644 Emerson St

Embarcadero Place - 2300 & 2400 Geng Road

429 California Ave

245 Lytton Avenue

379 Lytton Avenue

Frequently Asked Questions

Palo Alto, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Palo Alto, CA Commercial Real Estate Market Overview

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Palo Alto, CA Commercial Real Estate for Lease - 194 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Palo Alto, CA?

What factors affect the price of commercial real estate in Palo Alto, CA?

What is the average rent for commercial space in Palo Alto, CA?

What are the best areas for commercial real estate in Palo Alto, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Palo Alto, CA?

Palo Alto, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Palo Alto, CA Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

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Popular Retail Searches

Popular Industrial Searches

About us