Located on the eastern border of San Mateo County, the city of Menlo Park features a residential population of slightly over 33,000 inhabitants. Widely considered to be one of the more affluent communities in the area, Menlo Park boasts what is considered to be one of the most well-educated populations in the entire country, with upwards of 70% of local residents having obtained a college degree. Menlo Park has recently obtained the title of one of 15 “best places for the rich and single to live.” Business owners seeking office rental properties for lease in Menlo Park, including office space for rent and commercial space for rent, will find that the area’s extensive financial resources are conducive for growing and developing a business in this region of the state. A variety of commercial interests and establishments can be found throughout the neighborhood zones here.
The median household income level of Menlo Park is $105,000, almost double that of state averages. Because of this, the local population here is widely considered to exist within a middle class / upper-middle class income demographic. Popular occupations for working residents of Menlo Park include positions in industries such as the professional, scientific and technical services, education, manufacturing, finance and healthcare, among others. The unemployment rate of Menlo Park’s residents is almost half that state averages, making this one of the most economically healthy areas of the state at large.
Menlo Park was first incorporated as a city in the state of California in 1874. Since then, the city has rapidly risen in prominence as one of the country’s larger hubs for venture capital firms. This competitive and lucrative industry has helped the area to quickly develop and expand and has allowed residents to enjoy a high degree of prosperity during their time here. The population of Menlo Park is largely homogenous, with over 70% of local residents classified as Caucasian. That being said, a myriad of additional ethnic groups and cultures can also be found here.
For those seeking to lease office space in Menlo Park, one of the best possible locations for establishing a presence, particularly for those involved in the venture capital business, is Sand Hill Road, which connects the larger I-280 and the famous El Camino Real.