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Downtown Palo Alto Class A Office
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430-433 Waverley St, Palo Alto, CA

Class A office space in downtown Palo Alto near Caltrain.

Space Size15,599 SF
Lot Size0.26 Acres
Days on Market349

Property Features for 430-433 Waverley St

General Information

Standard status Active
Size 15,599 SF
Lot size 0.26 Acres
Property subtype OFFICE
Lease Type Nnn

Spaces For Lease

at 430-433 Waverley St Contact us

431 Waverley St $9.95/SF/Yr

Size
15,599 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 15,599 SF of Class A Office Space - Private Outdoor Patio Space - Signage Available...
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Listing Agency: CBRE | San Jose
Listed By: Chris Shepherd · License #01707888
Source: Moodyscre
Added: Aug 26, 2025 Changed: Aug 8 Last Checked: Aug 9 at 5:02AM

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 | San Jose

Investment Insights

Based on property information with market context.

This Class A office space offers 15,599 square feet and includes a private outdoor patio. Signage opportunities are available. The interior features a breakroom and lounge area, along with 141 workstations. Situated in an amenity-rich area of downtown Palo Alto, the property is a 5-minute walk to the Caltrain station.

Key Highlights

  • Ideally Situated in Downtown Palo Alto
  • 5 Minute Walk to Caltrain Station
  • 15,599 SF of Class A Office Space**

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Storage Facility Barber Shop 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
$1.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,043
Businesses Nearby

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

This space is priced 9% above the average of $9.11 /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
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space in downtown Palo Alto near Caltrain.
Where is this office units located?
The property is located at 430-433 Waverley St Palo Alto, CA.
What is the lease rate?
The lease rate is $9.95 SF/Yr.
What are key features of this property?
This property features: Ideally Situated in Downtown Palo Alto; 5 Minute Walk to Caltrain Station; 15,599 SF of Class A Office Space**
(408) 453-7455 Call to check price and availability
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