Most listings are in the $0's per square foot per year. The Downtown Menlo Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $99 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 7 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Downtown Menlo Park 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 950 sqft. Most buildings in this area are around 3 floors. Most buildings in this area 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. Finance and insurance are the dominant industries in this market. Most of the folk of Downtown Menlo Park work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.