Compared to the rest of the Silicon Valley market, the Downtown Menlo Park region has more expensive 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 might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most properties in this market are close to 3 stories. 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 region. Most of the occupants 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.