Compared to the rest of the Silicon Valley market, the Downtown Menlo Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, 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 region are around 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 close to an hour a day is the norm for those who opt to reside in this part of town.