Downtown Menlo Park Office Space

Downtown Menlo Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$83
Median Size (sqft)
1,340
As of: July 19, 2017

Downtown Menlo Park Rates

Most listings are in the $80's per square foot per year. The Downtown Menlo Park region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Silicon Valley market, the Downtown Menlo Park submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Menlo Park Listing Supply

In the last 90 days, 7 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces 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 500 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1965 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 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.

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