2022 Office Space Rent & Sales
- $120.32 2022 Avg. Asking Rent
- 12.89% 2022 Office Vacancy Rate
Menlo Park office price per square foot in 2022 was $120.32 on average. The local office market recorded an average vacancy rate of 12.89% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Menlo Park Class A & A+ Office Space$144.59
- Menlo Park Class B Office Space$98.29
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Menlo Park, CA Office Asking Rents by Class
2022 Office Vacancy Rates in Menlo Park
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Menlo Park | $117.21 | 15.20% |
| Redwood City | $99.87 | 33.02% |
Office Spaces for Rent in California
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Coworking Spaces in California
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2022 Office Construction in Menlo Park, CA
- Menlo Park, CA Total SF under construction in 2023 162,419
| Office building | Address | SF | Completed |
|---|---|---|---|
| Middle Plaza - 300 El Camino Real | 300 El Camino Real, 94025 | 93,000 | 2023 |
| Middle Plaza | 200 El Camino Real, | 35,000 | 2022 |
| 1540 El Camino Real | 1540 El Camino Real, 94025 | 48,003 | 2021 |
| 3295 El Camino Real | 3295 El Camino Real, 94027 | 8,600 | 2020 |
| Menlo Business Park - Building 3 | 1315 O'Brien Drive, 94025 | 217,770 | 2017 |
| 4085 Campbell Ave | 4085 Campbell Ave, | 61,573 | 2013 |
| 200 Middlefield Road | 200 Middlefield Road, 94025 | 41,933 | 2012 |
| 100 Middlefield Road | 100 Middlefield Rd, 94025 | 10,341 | 2011 |
| 1906 El Camino Real | 1906 El Camino Real, 94025 | 11,967 | 2009 |
| Rosewood Sand Hill Office Complex | 2885 Sand Hill Road, 94025 | 100,000 | 2008 |
Worth noting among recent office completions on the Menlo Park market is Middle Plaza - 300 El Camino Real, which is currently the largest new office development in the city, at 93,000 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Diego Office Rent Price
- San Francisco Office Rent Price
- San Jose Office Rent Price
- Sacramento Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Sunnyvale Office Rent Price
- Santa Clara Office Rent Price
- Santa Monica Office Rent Price
- Palo Alto Office Rent Price
- Oakland Office Rent Price
- Mountain View Office Rent Price
- Redwood City Office Rent Price
- San Mateo Office Rent Price
- Pleasanton Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Menlo Park 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.