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Palo Alto Office Space Available
For Lease
$5.95 SF/Yr

3197 Park Boulevard Palo, Palo Alto, CA 94306

Flexible office space near Caltrain in Palo Alto for rent.

Space Size10,000 SF
Days on Market216

Property Features for 3197 Park Boulevard Palo

General Information

Standard status Active
Size 10,000 SF
Property subtype Office
Lease Term NNN

Spaces For Lease

at 3197 Park Boulevard Palo Contact us

Entire Building $5.95/SF/Mo

Size
10,000 SF
Term
Negotiable
Contact us
Listing Agency: Real Broker, LLC
Listed By: Carter Lyman · License #CA Re #02067725
Source: Nmrk
Added: Jan 27 Changed: Aug 23 Last Checked: Aug 30 at 3:22PM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This office space features a flexible layout that includes both open areas and conference rooms. The property is located approximately 0.5 miles from the Cal Ave Caltrain station.

Key Highlights

  • Flexible layout with open space and conference rooms
  • 0.5 miles to Cal Ave Caltrain

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Food Market HVAC Service

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
$0.89 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,638
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

$9.42 /SF/Yr
Avg Asking Price
$5.75–$22.02 /SF/Yr
Price Range
8,566 SF
Avg Space Size

This space is priced 37% below the average of $9.42 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office space near Caltrain in Palo Alto for rent.
Where is this office units located?
The property is located at 3197 Park Boulevard Palo 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: Flexible layout with open space and conference rooms; 0.5 miles to Cal Ave Caltrain
More about this property
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