Palo Alto, CA Office Spaces for Rent
Find your best Palo Alto, CA office space among 295 for rent listings, which average an asking price of $87.75 per square foot.
Asking prices vary based on the property location, rating, amenities such as proximity to restaurants, cafes, and entertainment venues, as well as convenience of access to public transport, airports, and thoroughfares.
The average rent for office space in Palo Alto is $87.75 per square foot. The minimum rental rate for office space in Palo Alto is $54 per square foot. Among listings of office space currently available for lease in Palo Alto, the maximum rental rate is $103.2 per square foot.
For more details on Palo Alto office space rent and sales prices, as well as overall market quality and new construction data, see Palo Alto Office Market Trends.
Most experts recommend an average of between 75 and 150 square feet of office space per person. However, it is important to keep in mind that how much office space you ultimately need depends on your activity and how you need to use the space, as much as it does on how many people it should accommodate. If you already know what size office would best suit your needs, use the available space size filter at the top of the search page to focus your search on the best fit for you.
However, there is a variety of differently sized opportunities below that maximum. For your consideration, the median size of an office space for lease in Palo Alto is 4,812 square feet, and the average office space size here is 11,961 square feet.
You can find 295 office listing(s) for lease in Palo Alto, which add up to a total of 3,518,051 square feet. Availability on the market includes a variety of office use types, such as General Office, R&D - Office, Flex - Office, Creative Office, Medical Office.
The most common office use type currently available for lease in Palo Alto is General Office, which is offered in 184 or 62.37% of listings. The second-most frequent office use type listed here is R&D - Office, which account for 28 or 9.49% of office space currently available. On the other end of the spectrum, the office use type least common among local listings is R&D - Industrial, which is available in 1 listing(s).
You can search 43 office sublease listing(s) in Palo Alto, which amount to a total of 932,071 square feet. Sublease opportunities on the market include General Office, R&D - Office, Flex - Office. The Palo Alto neighborhood or submarket with the most sublease listings available is Barron Park.
The best choice of neighborhood for your office space will greatly depend on the elements that are most relevant to your business and your employees. However, a good criterion to start with is to look at the areas of the city that have the highest concentration of office properties, as these areas are generally well connected to transit options and have a good degree of amenity availability.
In Palo Alto, the greatest concentration of office space for lease opportunities is in University South, Barron Park, Downtown North Palo Alto.
Each individual’s commuting experience will of course be different depending on a number of factors. Check the location description details for the office listings that catch your eye, to get an overview of walkability, access to public transport, the quality of infrastructure dedicated to biking commuters, as well as the proximity to parking facilities, fuel stations, and other essential amenities.
The Palo Alto office market incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. Roughly 32.2% of total office space listings in the city are in properties rated Class A. You will find the highest concentration of Class A office space in the Barron Park neighborhood of Palo Alto. Class B office space accounts for 27.8% of spaces listed on the leasing market. The neighborhood with the most Class B office space is University South. Class C office space makes up 9.49% of office space available in Palo Alto.
Buildings completed in and since the year 2000 account for 15.13% of office properties in the city and incorporate a total of 1,402,698 square feet.
Out of the office space listings currently available in Palo Alto, you can find 35 LEED-certified or LEED-proposed option(s). Across the city, about 16% of office space is green, which amounts to 13,871,474 square feet. A total of 11 building(s) here earned a LEED-certification — certification levelPlatinum (3), Gold (7), Silver (1). The local market includes 1 LEED-proposed office building(s) awaiting certification in Palo Alto.
There are, of course, a lot of things to factor in when you are looking for office space. Aspects including the accessibility of the location, the quality of the facility, the size of the space, the convenience of nearby amenities, the type and duration of the lease, and of course the cost are all part of the search and decision process. For a quick checklist of what you should take into account when researching the market, consider these seven tips for choosing the best office location for your business. Alternatively, for a comprehensive take on everything to consider when looking for office space, see our in-depth guide to finding office space for small or growing companies. The guide also includes insights from seasoned professionals and can serve as a helpful resource for growing companies, no matter their current size.
Are you looking to lease office space in the vicinity of your current location or in a particular neighborhood of Palo Alto? Using the interactive map, you can easily navigate to your preferred location and customize your search area around a specific point of interest. Select “Radius” from the Search Mode options menu, click on the map to set your search reference point, and expand the radius to select your desired search area. Browse available listings to find the best office space that meets your location, as well as other business needs.
There are a number of factors that make a city attractive for businesses to relocate or expand, as well as for investors to enhance their portfolios through local acquisitions. Among the most important factors to consider are the size and quality of the local office market, which is an essential component of the local economy.
| Building Size Range | Total Square Feet | Share of Total Office |
|---|---|---|
| 50k to 100k Sq. Ft. | 3,512,027 Sq. Ft. | 23.42% |
| 100k to 500k Sq. Ft. | 7,308,358 Sq. Ft. | 48.75% |
| 500k to 1M Sq. Ft. | 2,252,669 Sq. Ft. | 15.02% |
| Class | Total Square Feet | Share of Total Office |
|---|---|---|
| Class A | 8,877,097 Sq. Ft. | 59.21% |
| Class B | 5,967,690 Sq. Ft. | 39.8% |
| Class C | 148,166 Sq. Ft. | 0.99% |
One of the most important aspects of quality regarding modern office space is the use of sustainable building practices. Green certification is one of the most employed methods used to quantify that in any real estate market.
Roughly 16% of the total Palo Alto office inventory - adding up to 13,871,474 square feet - is classified as green office space.
| Total Square Feet | Total Green Square Feet | Green Share of Total |
|---|---|---|
| 13,871,474 Sq. Ft. | 2,153,495 Sq. Ft. | 16% |
16% Green
Green Office Inventory
As the veritable capitol of Silicon Valley, Palo Alto’s office market is dominated by tech companies. It’s also segmented, clustering in three nodes, the largest of which begins in the Ventura neighborhood and follows Page Mill Rd. to Junipero Sierra Blvd. The other two smaller nodes are located north of Stanford University and along Embarcadero Rd. and Bayshore Fwy. near the Palo Verde neighborhood. It’s also a very suburban market, with most office buildings reaching no more than four or five stories.
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