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Downtown Palo Alto Office Space
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540 University Ave, Palo Alto, CA

Office space for lease in the heart of Palo Alto.

Space SizeContact for details
Property Size1,584 SF
Lot Size0.23 Acres
Days on Market256

Property Features for 540 University Ave

General Information

Standard status Active
Size 1,584 SF
Lot size 0.23 Acres
Property subtype OFFICE

Spaces For Lease

at 540 University Ave Contact us

540 University Ave $3.25/SF/Mo

Contact us
Listing Agency: Colliers | San Mateo
Listed By: Clayton Jones · License #RE#01836599
Source: Moodyscre
Added: Nov 24, 2025 Changed: Jul 6 Last Checked: Jul 21 at 8:44AM

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 Colliers | San Mateo

Investment Insights

Based on property information with market context.

Located in downtown Palo Alto, this office space is near downtown amenities and adjacent to the Webster/Cowper Public Parking Garage. It is suitable for start-up tech companies and professional service firms. The space offers flexible lease terms. The operating expenses, including janitorial services, are $2.38 per square foot per month, in addition to Palo Alto utilities. The property size is 1584 square feet.

Key Highlights

  • Located in the Heart of Downtown Palo Alto
  • Walk to Downtown Amenities
  • Excellent Space for Start‑Up Tech Companies, and Professional Service Firms

Property Analytics

Current Use

Gethired Inc Employment Agency Innovation Partners Law Firm Parking PA Park Quantumwave Capital Financial Advisor Fertility Physicians of Northern ... Physician

Suggested Use

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

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

4,370
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

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 - Office space for lease in the heart of Palo Alto.
Where is this office units located?
The property is located at 540 University Ave Palo Alto, CA.
What are key features of this property?
This property features: Located in the Heart of Downtown Palo Alto; Walk to Downtown Amenities; Excellent Space for Start‑Up Tech Companies, and Professional Service Firms
(650) 486-2230 Call to check price and availability
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