Most listings are in the $80's per square foot per year. The Downtown Menlo Park region is seeing a an increase in rates. In the last 3 months, the median rate rose $87 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Silicon Valley market, the Downtown Menlo Park submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 22% 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 available, 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 properties in this region are approximately 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 area. Most of the folk 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.