Compared to the rest of the Silicon Valley market, the Old Palo Alto submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Old Palo Alto are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this market were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Old Palo Alto residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Old Palo Alto.
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