Downtown Menlo Park Office Space

Downtown Menlo Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
620
As of: May 23, 2017

Downtown Menlo Park Rates

The typical asking rate per listing is in the $80's per square foot per year. The Downtown Menlo Park region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Silicon Valley market, the Downtown Menlo Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Menlo Park Listing Supply

In the last 90 days, 7 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 620 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1969 and are Class B.

Downtown Menlo Park Community

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 close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Menlo Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Menlo Park.
Research