Downtown Menlo Park Sublease

Downtown Menlo Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Size (sqft)
950
As of: February 27, 2017

Downtown Menlo Park Rates

The typical asking rate per listing is in the $0's per square foot per year. The Downtown Menlo Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $99 per sqft per year. That's a 100% decrease in rent.

Downtown Menlo Park Listing Supply

In the last 90 days, 7 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Downtown Menlo Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 buildings in this market are close to 3 floors. Most buildings in this area were built in 1970 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 approximately 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