2023 Office Space Rent & Sales
- $113.21 2023 Avg. Asking Rent
- 53.51% 2023 Office Vacancy Rate
East Palo Alto office price per square foot in 2023 was $113.21 on average. The local office market recorded an average vacancy rate of 53.51% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
East Palo Alto, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in East Palo Alto, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| University Circle - 2000 University Circle | 2000 University Avenue, 94303 | 143,429 | 2002 |
| University Circle - 1950 University Circle | 1950 University Avenue, 94303 | 164,843 | 2001 |
| University Circle - 1900 University Circle | 1900 University Avenue, 94303 | 149,700 | 2001 |
Worth noting among recent office completions on the East Palo Alto market is University Circle - 2000 University Circle, which is currently the largest new office development in the city, at 143,429 square feet.
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- Santa Monica Office Rent Price
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- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all East Palo Alto 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.