Building Details

Tenancy Single

Spaces For Lease

at 203 Forest Ave Contact us

203 Forest Ave $5.95/SF/Yr

Floor

Bldg

Size

4,228 SF

Type

OFFICE

Lease Type

NNN

Availability

AVAILABLE, On Available Date

Sublease

No

- ±4,228 Sq. Ft. Single-Tenant Office Building - Currently Built Out for Office... but Can Be Used for Retail, Fitness, or Restaurant - Can Be Delivered Fully-Furnished - Excellent Location in Downtown Palo Alto - High Identity Building with Excellent Signage Opportunities - Large, Open Layout with High Ceilings - Two Private Offices and Two Conference Rooms - Large Kitchenette - Approximately Eight (8) On-Site Parking Spaces - Huge Windows with Abundant Natural Light & Skylights - Second Floor Mezzanine Can Be Used as Additional Workspace - Surrounded by Downtown Restaurants and Amenities - Three Blocks from CalTrain Station - Available June 1, 2026

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Listing Agency: PREMIER PROPERTY GROUP Show Phone

Listed By: Brad Ehikian Show Phone

Source: Moodyscre

Added: Apr 28 Changed: Sep 8 Last Checked: Sep 11 at 8:04AM

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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 GROUP

Investment Insights

Based on property information with market context.

A ±4,228 square foot single-tenant office building currently built out for office use. The interior features a large open layout with high ceilings, huge windows with abundant natural light and skylights, two private offices, and two conference rooms. The space also includes a large kitchenette, with a second-floor mezzanine that can serve as additional workspace. The property can be delivered fully furnished.

Located downtown on Forest Ave in Palo Alto, the building is described as an identity-focused asset with signage opportunities. It sits within three blocks of the CalTrain station and is surrounded by downtown restaurants and amenities. Approximately eight on-site parking spaces are available. Availability is June 1, 2026, with the note that the building can also be used for retail, fitness, or restaurant uses.

Key Highlights

• ±4,228 SF single‑tenant office building with large open layout, high ceilings, skylights, and huge windows
• Built out for office with flexible use for retail, fitness, or restaurant
• Includes two private offices, two conference rooms, and a large kitchenette

Property Analytics

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Open Analytics

Current Use

Covid Clinic, a Rume ... Medical Clinic

Suggested Use

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

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

1

Office units

Single-tenant

Tenancy

NNN (Triple Net)

Lease Type

$0.89 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

6,050

Businesses Nearby

Explore this area Business Placement

Demographics for 94301, CA

17,299

Population

8,220

Households

2.1

Avg Household Size

44

Median Age

83%

College-Educated

96%

High-School Grad

2.4 sq mi

ZIP Area

7,208

Density / Sq Mi

$235,529

Median Household Income

$136,514

Median Earnings

$3,290

Median Rent

$2,000,001

Median Home Value

Market

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Single-tenant office building with open layout, high ceilings, and skylights, plus a mezzanine workspace and on-site parking.

Where is this office building located?

The property is located at 203 Forest Ave Palo Alto, CA.

What is the lease rate?

The lease rate is $5.95 SF/Yr.

What are key features of this property?

This property features: ±4,228 SF single‑tenant office building with large open layout, high ceilings, skylights, and huge windows; Built out for office with flexible use for retail, fitness, or restaurant; Includes two private offices, two conference rooms, and a large kitchenette