Compared to the rest of the Silicon Valley market, the Downtown Menlo Park region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Downtown Menlo Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,050 sqft. Most properties in this region are close to 3 stories. 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 residents of Downtown Menlo Park work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.