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340 Portage Avenue Palo, Palo Alto, CA 94306

Mixed-use office/R&D space near transportation, delivering Q4 2025.

Space Size73,390 SF
Days on Market194

Property Features for 340 Portage Avenue Palo

General Information

Standard status Active
Size 73,390 SF
Property subtype Office

Spaces For Lease

at 340 Portage Avenue Palo Contact us

Ground Floor - 73,390 SF

Size
73,390 SF
Type
Office/R&D
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Newmark | Palo Alto
Listed By: Carter Lyman · License #CA Re #02067725
Source: Nmrk
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 9 at 5:51AM

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 Newmark | Palo Alto

Investment Insights

Based on property information with market context.

This mixed-use office and R&D project space is available for lease. The property offers 73,390 RSF of office and R&D space. It is conveniently located within walking distance of The Cannery, with easy access to Caltrain and public transportation. The estimated delivery date is Q4 of 2025.

Key Highlights

  • 73,390 RSF of Office/R&D space
  • Mixed Use Office/R&D Project Space
  • Delivering Q4 of 2025

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Building Supply Auto Repair Shop Big Box & Wholesale Store Restaurant

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

2,529
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 - Mixed-use office/R&D space near transportation, delivering Q4 2025.
Where is this office units located?
The property is located at 340 Portage Avenue Palo Palo Alto, CA.
What are key features of this property?
This property features: 73,390 RSF of Office/R&D space; Mixed Use Office/R&D Project Space; Delivering Q4 of 2025
More about this property
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