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Palo Alto Office Space Available
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445 Sherman Avenue, Palo Alto, CA 94306

Office suites available in Palo Alto near California Avenue.

Space SizeContact for details
Property Size9,060 SF
Days on Market260

Property Features for 445 Sherman Avenue

General Information

Standard status Active
Size 9,060 SF
Property subtype Office
Listing Agency: CBRE | Palo Alto
Listed By: Patrick Reilly · License #01504114
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 3:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Palo Alto

Investment Insights

Based on property information with market context.

Office suites are available, including Suite 100 with 5,144 square feet, Suite 130 with 2,050 square feet, and Suite 150 with 1,866 square feet. Suites 130 and 150 can be combined to offer a contiguous space of 3,916 square feet. The building offers room for growth. The interiors feature an open plan with exposed ceilings. The exterior has been recently renovated and includes an open-air courtyard and outdoor seating. The property is located three blocks from Caltrain and provides immediate access to restaurants and amenities on California Avenue.

Key Highlights

  • Immediate access to California Ave restaurants and amenities
  • Just 3 blocks to Caltrain
  • Recently renovated exterior with open air courtyard and outdoor seating

Property Analytics

Current Use

Anna Tran NP Physician Xage Security, Inc. (Bike/Boat/Book/etc) Store Andrikopoulos Chiochios Accountants Accounting Firm Hawley Peterson & Snyder ... Architecture Firm Call9 Medical Clinic

Suggested Use

Top Pick Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pharmacy Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,615
Businesses Nearby

Demographics for 94306, CA

28,659
Population
11,853
Households
2.4
Avg Household Size
41
Median Age
81%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
6,990
Density / Sq Mi
$186,479
Median Household Income
$112,500
Median Earnings
$2,927
Median Rent
$2,000,001
Median Home Value

Market

Lease Benchmarks for Palo Alto, CA

$9.11 /SF/Yr
Avg Asking Price
$5.95–$22.02 /SF/Yr
Price Range
9,176 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suites available in Palo Alto near California Avenue.
Where is this office units located?
The property is located at 445 Sherman Avenue Palo Alto, CA.
What are key features of this property?
This property features: Immediate access to California Ave restaurants and amenities; Just 3 blocks to Caltrain; Recently renovated exterior with open air courtyard and outdoor seating
More about this property
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