Located in the San Francisco Bay Area, the city of Los Altos hosts a population of nearly 30,000 inhabitants. Widely considered to be one of the most affluent and economically prosperous cities in the entirety of the United States, the residents of Los Altos enjoy a high quality of life that is made even more enjoyable by the city’s close proximity to San Francisco, the largest economic and cultural hub in this region of the state. Business owners seeking rental properties for lease here, including office space for rent or commercial space for rent, will likely find that Los Altos offers numerous opportunities for growth and development. The neighborhood zones of Los Altos are currently home to a wide array of businesses across a diverse spectrum of industries and interests.
Median household income levels in Los Altos are nearly triple that of state averages. As stated previously, Los Altos is commonly considered to be one of the most expensive residential destinations in the entire country. Common occupations for residents of Los Altos include positions in industries such as manufacturing, the professional, scientific and technical services, as well as finance and retail trade. Unemployment levels in Los Altos are nearly 67% lower than state averages, making this one of the most economically stable areas in the entire country. Only 1.1% of families residing in Los Altos currently live below the poverty line.
The development of Los Altos is primarily linked to the arrival of the Southern Pacific Railroad in 1908, which first began running steam trains through the area. The city was first incorporated in 1952, a move that was instigated by local residents who were dissatisfied with current zoning policy. The area gained worldwide renown in the closing decades of the 20th century, due in large part to the fact that Steve Jobs developed the first Apple computers here. Demographically, Los Altos is primarily Caucasian, although a significant number international groups have made their way to the area in recent years.
Geographically, Los Altos is quite small. Because of this, businesses seeking to establish a presence here will likely be able to gain similar levels of visibility regardless of their particular location. That being said, those interested in leasing large spaces for manufacturing-related purposes are likely to find more attractive properties on the outer areas of town.