Palo Alto, CA Commercial Real Estate for Lease and Sale

Explore 166 listing(s) of commercial real estate in Palo Alto, CA to find the best space for your business.

CRE Market FAQs

268-270 Lambert Ave

268-270 Lambert Ave, Ventura, Palo Alto, CA
Space Type

Industrial
For Lease

$78.00/SF/YR
1 space available / 6,667 SF
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203 Forest Ave

203 Forest Ave, University South, Palo Alto, CA
Space Type

Office
For Lease

$5.95/SF/MO
1 space available / 4,228 SF
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151 University Ave

151 University Ave, Downtown North Palo Alto, Palo Alto, CA
Space Type

Office
For Lease Contact for pricing

4 spaces available / 4,174 SF
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1885 El Camino Real

1885 El Camino Real, Evergreen Park, Palo Alto, CA
Space Type

Office
For Lease Contact for pricing

2 spaces available / 500 SF
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100 Forest Avenue

100 Forest Avenue, University South, Palo Alto, CA
Space Type

Office
For Lease Contact for pricing

2 spaces available / 6,500 - 6,801 SF
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63-67 Encina Avenue

63-67 Encina Ave, University South, Palo Alto, CA
Space Type

Retail
For Lease Contact for pricing

1 space available / 5,785 SF
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388 Cambridge

388 Cambridge Avenue, Evergreen Park, Palo Alto, CA
Space Type

Retail, Office
For Lease

$119.40/SF/YR
3 spaces available / 2,335 - 16,357 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Palo Alto:
- Office Space: The market includes 5,526,852 square feet of office spaces in addition to 220 coworking locations.
- Retail Space: Between malls, restaurants and stores, Palo Alto is home to 353,937 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 279,922 square feet of available space in Palo Alto.
The average rent for commercial real estate in Palo Alto is $61.55 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Palo Alto costs $35.88, while the city’s premium locations ask up to $90.
Office space here averages $84.88 per square foot while industrial space averages $45.26 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 119,445 square feet.
- Class B properties are sized 42,584 square feet, on average.
- Class C properties span an average of 6,376 square feet.
The best area for commercial real estate in Palo Alto will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is University South, home to no fewer than 73 listings for space of all types. If you're looking for office space, University South has the highest concentration of office listings at 61.

Meanwhile, Adobe Meadow - Meadow Park has the highest number of industrial availabilities (4), while University South boasts the largest number of retail listings in the city (12).
CommercialCafe’s CRE offering in Palo Alto is enabled by a network of 133 active brokers from 37 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $90 per square foot. In particular, the property type commanding the highest lease rates in Palo Alto is Office space.

Palo Alto, CA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 151 listings for commercial real estate currently available for rent in Palo Alto add up to 2,542,829 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	116	2,294,292
Retail	23	109,128
Industrial	12	139,409

Office properties:

The market has 116 active office listings, encompassing 2,294,292 square feet.
Palo Alto office spaces currently listed on CommercialCafe represent 76% of the total commercial real estate market in Palo Alto, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 23 retail listings available, adding up to a total of 109,128 square feet.
Retail spaces account for approximately 15% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Palo Alto offers 12 listings, amounting to 139,409 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 7% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 15 properties listed for sale in the Palo Alto market, adding up to 126,435 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

9 office properties
3 retail properties
2 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	9	81,120
Retail	3	20,500
Industrial	2	22,751
Other	1	2,064

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 Commercial Real Estate Overview

Palo Alto, CA Commercial Real Estate for Lease and Sale

268-270 Lambert Ave

203 Forest Ave

151 University Ave

1885 El Camino Real

100 Forest Avenue

63-67 Encina Avenue

388 Cambridge

Frequently Asked Questions

Palo Alto, CA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

Palo Alto, CA Commercial Real Estate Market Overview

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