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Downtown Palo Alto Office Space
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535-539 Alma St, Palo Alto, CA

Ground floor office space in downtown Palo Alto for lease.

Space Size2,400 SF
Lot Size0.14 Acres
Days on Market280

Property Features for 535-539 Alma St

General Information

Standard status Active
Size 2,400 SF
Lot size 0.14 Acres
Property subtype OFFICE

Spaces For Lease

at 535-539 Alma St Contact us

535 Alma St

Floor
1
Size
2,400 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
Yes
- Creative Tech Space - 1 minute walk to Caltrain - Exposed Ceilings - Polished Concrete...
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Listing Agency: Newmark | Palo Alto
Listed By: Carter Norton
Source: Moodyscre
Added: Nov 25, 2025 Changed: Aug 14 Last Checked: Aug 31 at 12:11AM

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 ground floor office space, comprising approximately 2,400 square feet, is available for lease in downtown Palo Alto starting November 1, 2025. The space features polished concrete floors, great skylights, and a beautiful exposed ceiling. It includes a newly constructed kitchenette and break room equipped with stone countertops and extensive cabinetry. The layout is largely open, with one conference room. Located across the street from the CalTrain station and on the same block as a public parking garage, the property benefits from high-visibility signage opportunities and is surrounded by downtown restaurants and amenities.

Key Highlights

  • Ideal downtown Palo Alto location
  • Across the street from CalTrain station
  • ±2,400 sq. ft. ground floor office space

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Building Supply Auto Parts Store Storage Facility 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

Location Intelligence

Trade Area within ½ mile

7,198
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 - Ground floor office space in downtown Palo Alto for lease.
Where is this office units located?
The property is located at 535-539 Alma St Palo Alto, CA.
What are key features of this property?
This property features: Ideal downtown Palo Alto location; Across the street from CalTrain station; ±2,400 sq. ft. ground floor office space
(650) 208-0068 Call to check price and availability
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