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Downtown Palo Alto Office Space
For Lease
Contact for pricing

124 University Ave, Palo Alto, CA

Office space in downtown Palo Alto, available immediately.

Space Size5,129 SF
Lot Size0.14 Acres
Days on Market649

Property Features for 124 University Ave

General Information

Standard status Active
Size 5,129 SF
Lot size 0.14 Acres
Property subtype RETAIL

Spaces For Lease

at 124 University Ave Contact us

124 University Ave

Floor
1
Size
5,129 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Ideal location in downtown palo alto - Private ground floor entrance on university...
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Listing Agency: Premier Property Management
Listed By: Jon Goldman
Source: Moodyscre
Added: Nov 21, 2024 Changed: Aug 9 Last Checked: Sep 1 at 5:16PM

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 Premier Property Management

Investment Insights

Based on property information with market context.

This office space is ideally located in downtown Palo Alto, offering a private ground floor entrance on University Avenue. The elevator-served suite occupies the entire second and third floors, totaling 5,129 square feet. The space is divisible to approximately 5,376 square feet on the second floor and approximately 5,009 square feet on the third floor. The layout features a mix of open areas and private conference rooms. The third floor includes a large kitchenette and break room, while the second floor has a smaller kitchenette. Private restrooms are available on both floors. The property is situated one block from the Caltrain station and is surrounded by downtown restaurants and amenities. The space is available immediately.

Key Highlights

  • Prime downtown Palo Alto location
  • Entire second and third floors, offering substantial space
  • Divisible floors providing flexible layout options

Property Analytics

Current Use

Proper Hour Handyman ... Hardware & Home Improvement Cardtronics ATM Atm E*TRADE FINANCIAL Bank

Suggested Use

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

7,351
Businesses Nearby

Market

Lease Benchmarks for Palo Alto, CA

$7.85 /SF/Yr
Avg Asking Price
$5.75–$12 /SF/Yr
Price Range
9,319 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 space in downtown Palo Alto, available immediately.
Where is this office units located?
The property is located at 124 University Ave Palo Alto, CA.
What are key features of this property?
This property features: Prime downtown Palo Alto location; Entire second and third floors, offering substantial space; Divisible floors providing flexible layout options
(650) 618-3001 Call to check price and availability
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