2020 Office Space Rent & Sales
- $41.15 2020 Avg. Asking Rent
- 19.21% 2020 Office Vacancy Rate
Los Altos office price per square foot in 2020 was $41.15 on average. The local office market recorded an average vacancy rate of 19.21% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Los Altos Class B Office Space$41.15
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Los Altos, CA Office Asking Rents by Class
2020 Office Construction in Los Altos, CA
- Los Altos, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Los Altos office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|400 Main Street||400 Main Street, 94022||31,005||2014|
|343 2nd Street||343 2nd Street, 94022||49,161||2012|
|Camino Altos Plaza||4300 El Camino Real, 94022||25,070||2003|
|4440 El Camino Real||4440 El Camino Real, 94022||96,562||2000|
|1195 West Fremont Avenue||1195 West Fremont Avenue, 94087||80,000||1998|
|4410 El Camino Real||4410 El Camino Real, 94022||37,064||1983|
|Los Altos Office Plaza - Buildings A & B||4966 El Camino Real, 94022||61,472||1981|
|4984 El Camino Real||4984 El Camino Real, 94022||26,274||1981|
|333, 325 Distel Circle & 730 Distel Drive||333 Distel Circle, 94022||32,430||1974|
|Palo Alto Medical Foundation - Los Altos Center||370 Distel Circle, 94022||32,114||1973|
Worth noting among recent office completions on the Los Altos market is 400 Main Street, which is currently the largest new office development in the city, at 31,005 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Los Altos commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.