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Office Space for Rent in Palo Alto, CA - 158 Listings

  • 1661 Page Mill Road - Palo Alto
    1661 Page Mill Road, Barron Park, Palo Alto, CA 94304
    For Lease $63/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,577 Sqft
  • 530 Lytton Avenue - Palo Alto
    530 Lytton Avenue, Downtown North Palo Alto, Palo Alto, CA 94301
    For Lease $114/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,850 Sqft
  • 101 University Ave - Palo Alto
    101 University Ave, Downtown North Palo Alto, Palo Alto, CA 94301
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 6,561 Sqft
  • 101 University Ave & 444 High/Portfolio - Palo Alto
    101 University Ave & 444 High/Portfolio, Downtown North Palo Alto, Palo Alto, CA 94301
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 14,762 Sqft
  • University Circle - 1950 University Circle - East Palo Alto
    1950 University Avenue, East Palo Alto, CA 94303
    For Lease $78 - $93/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 87,992 Sqft
  • University Circle - 1900 University Circle - East Palo Alto
    1900 University Avenue, East Palo Alto, CA 94303
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 2,759 Sqft
  • Stanford Research Park - Page Mill Hill - Palo Alto
    1881 Page Mill Road, Barron Park, Palo Alto, CA 94304
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 9,529 Sqft
  • Stanford Research Park - 3200-3300 Hillview Avenue - Palo Alto
    3200 Hillview Avenue, Barron Park, Palo Alto, CA 94304
    For Lease $51/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 14,761 Sqft
  • Stanford Research Park - 1001 Page Mill Road - Palo Alto
    1001 Page Mill Road, Barron Park, Palo Alto, CA 94304
    For Lease $90/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 75,396 Sqft
  • Embarcadero Corporate Center - Palo Alto
    2479 East Bayshore Road, Palo Alto Golf Course, Palo Alto, CA 94303
    For Lease $52.2/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,878 Sqft
  • Elwell Court Office Complex - Palo Alto
    1000 Elwell Court, Mayfield Island, Palo Alto, CA 94303
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 2,287 Sqft
  • 525 University Avenue - Palo Alto
    525 University Avenue, Downtown North Palo Alto, Palo Alto, CA 94301
    For Lease $36 - $96/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 5,235 Sqft
  • Embarcadero Place - 2100 & 2200 Geng Road - Palo Alto
    2100 Geng Road, Palo Alto Golf Course, Palo Alto, CA 94303
    For Lease $57/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,512 Sqft
  • Stanford Research Park - Palo Alto Square - Palo Alto
    3000 El Camino Real, Barron Park, Palo Alto, CA 94306
    For Lease $96.6/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 38,643 Sqft
  • Stanford Research Park - 3000 Hanover Street - Palo Alto
    3000 Hanover Street, Barron Park, Palo Alto, CA 94304
    For Lease $87/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 552,105 Sqft
  • University Circle - 2000 University Circle - East Palo Alto
    2000 University Avenue, East Palo Alto, CA 94303
    For Lease $93/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 8,504 Sqft
  • 975 South California Avenue - Palo Alto
    975 South California Avenue, College Terrace, Palo Alto, CA 94304
    For Lease $94.2/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 27,266 Sqft
  • College Terrace Centre - Palo Alto
    2100 El Camino Real, College Terrace, Palo Alto, CA 94306
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 3,570 Sqft
  • Stanford Research Park - 3450-3460 Hillview Avenue - Palo Alto
    3450 Hillview Avenue, Coyote Hill, Palo Alto, CA 94304
    For Lease $76.2/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 34,611 Sqft
  • 3350 West Bayshore Road - Palo Alto
    3350 West Bayshore Road, Palo Verde, Palo Alto, CA 94303
    For Lease $71.4/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 22,500 Sqft
  • 400 Hamilton Avenue - Palo Alto
    400 Hamilton Avenue, University South, Palo Alto, CA 94301
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 9,320 Sqft
  • 250 Cambridge Avenue - Palo Alto
    250 Cambridge Avenue, Evergreen Park, Palo Alto, CA 94306
    Contact for pricing
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,574 Sqft
  • 505 Hamilton Avenue - Palo Alto
    505 Hamilton Avenue, University South, Palo Alto, CA 94301
    For Lease $107.4/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,973 Sqft
  • 300 Hamilton Avenue - Palo Alto
    300 Hamilton Avenue, University South, Palo Alto, CA 94301
    For Lease $102/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,096 Sqft
  • 350 Cambridge Avenue - Palo Alto
    350 Cambridge Avenue, Evergreen Park, Palo Alto, CA 94306
    For Lease $42 - $81/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 4,610 Sqft

Palo Alto, CA Office Overview

Location Photo

The Palo Alto real estate market includes the Barron Park, College Terrace, and Midtown submarkets. While the city itself is home to a little over 67,000 residents, Palo Alto is also part of the larger South Bay market, which is home to over 2 million people. There is an ever-growing demand for office space in Palo Alto, thanks to the dynamic mix of high technology, incubator, and research & development businesses.

As of mid-2017, the market encompasses over 9.8 million square feet of existing office space in properties larger than 50,000 square feet. World-renowned Stanford University, Tesla Motors, Hewlett-Packard, and countless other companies create consistent demand for office space.

Palo Alto, CA Office Inventory Description

Because Palo Alto is home to more than 7,000 businesses that employ nearly 100,000 people, the demand for Class A office space is amazingly robust. Nearly 70% of the office space is Class A, while Class B accounts for another 3 million square feet.

The Downtown North district is one of the many areas that sees strong demand from both tenants and investors. Located west of University Avenue, between Alma Street and Middlefield Road, this area is home to properties such as 525 University Avenue, 101 Lytton Avenue, and 245 Lytton Avenue.

Palo Alto, CA Commercial Inventory Breakdown

Office Spaces

Total: 14,796,620 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 3,450,759 SF / 23.32% of total office
  • 100k to 500k SF: 7,817,504 SF / 52.83% of total office
  • 500k to 1M SF: 2,228,357 SF / 15.06% of total office
  • > 1M SF: 1,300,000 SF / 8.79% of total office

By class:

  • Class A: 8,319,199 SF / 56.22% of total office
  • Class B: 4,610,636 SF / 31.16% of total office
  • Class C: 50,800 SF / 0.34% of total office

Top 10 Largest Office Buildings

in Palo Alto

Office building Address Sqft Year built
The Romic Site 2020 Bay Road, 94303 1,300,000 n/a
3825 Fabian Way 3825 Fabian Way, 94303 652,964 1965
Stanford Research Park - 3000 Hanover Street 3000 Hanover Street, 94304 546,060 2010
Stanford Research Park - 1501 Page Mill Road 1501 Page Mill Road, 94304 521,754 1957
Stanford Research Park - 607 & 911 Hansen Way 607 Hansen Way, 94304 507,579 1957
Stanford Research Park - VMWare Briefing Center 3401 Hillview Avenue, 94304 433,000 2007
Palo Alto Center 795 El Camino Real, 94301 413,800 1947
Stanford Research Park - 3500 Deer Creek Road 3500 Deer Creek Road, 94304 350,000 1970
Stanford Research Park - Palo Alto Square 3000 El Camino Real, 94306 328,251 1972
Stanford Research Park - 3301-3307 Hillview Avenue 3301 Hillview Avenue, 94304 292,013 2002

Most Recently-Built Office Buildings

in Palo Alto

Office building Address Sqft Year built
Stanford Biomedical Innovation Building 240 Pasteur Drive, 94304 215,500 2019
3181 Porter Drive 3181 Porter Drive, 94304 99,415 2019
3045 Park Blvd 3045 Park Blvd, 94306 31,354 2019
Stanford Research Park - 3170 Porter Drive 3170 Porter Drive, 94304 96,626 2018
Stanford Research Park - 3421 Hillview Avenue 3421 Hillview Avenue, 94304 86,000 2018
Stanford Research Park - 1050 Page Mill Road - Building 3 1050 Page Mill Road, 94304 76,547 2018
Stanford Research Park - 1050 Page Mill Road - Building 2 1050 Page Mill Road, 94304 66,697 2018
2747 Park Blvd 2747 Park Blvd, 94306 33,323 2018
University Square 2100 University Avenue, 94303 214,052 2017
Stanford Research Park - 1450 Page Mill Road 1450 Page Mill Road, 94304 77,634 2017

Palo Alto, CA Green Office Space

Employment

There are eight energy-efficient office buildings in the city, that have 1.4 million square feet of office space combined. Over the years, the demand for green buildings, LEED-certified and EPA Energy Star-rated office space has grown by leaps and bounds.  A great example of a LEED-Certified property is University Circle - 1900 University Circle. The property was constructed in 2001 and adds nearly 150,000 square feet of Class A LEED-Certified Gold office space to the market.

It's not just in Palo Alto that the demand for green office space is strong. California is home to six of the top 30 largest U.S. green office markets. According to the 2017 National Green Building Adoption Index, the amount of energy-efficient, green office space has grown by about 33% over the past 12 years.

Palo Alto, CA's Top Office-Using Sectors

Significant demand for Class A office space comes from the high technology, education, healthcare, and large corporate office user segments.

  • High Technology – Hewlett-Packard, VMware, Tesla Motors, and Palantir are just a few of the high-tech companies creating robust demand for creative office space.
  • Education – Stanford University, along with the numerous R&D businesses the institution attracts, helps to drive demand for commercial real estate.
  • Healthcare – Stanford Health Care, Lucile Packard Children's Hospital, and the Palo Alto Medical Foundation are some of the largest employers and users of office space in the city.
  • Corporate Offices – SAP, Space Systems/Loral, A9.com, Cloudera, Houzz, Mashable, and Xerox are some of the larger corporate office users in the city.

Palo Alto Demographics

Population

  • Total Population67,082
  • Male Population(49.4 %) 33,155
  • Female Population(50.6 %) 33,927
  • Median Age41.80

Income/Financial

  • Average Household Income$207,423
  • Median Household Income$147,537
  • Median Income Under 25$79,375
  • Median Income 25-44$160,630
  • Median Income 45-64$196,783
  • Median Income Over 65$88,433

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