Downtown Palo Alto Office
540 University Avenue Palo, Palo Alto, CA 94301
For Lease
Contact for pricing
Office space for lease in the heart of Palo Alto.
Space Size1,344 SF - 2,496 SF
Days on Market351
Property Features for 540 University Avenue Palo
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Spaces For Lease
at 540 University Avenue Palo Contact usSuite 200 $3.25/SF/Mo
Size
2,496 SF
Type
Office Building
Term
Negotiable
Suite 250 $3.25/SF/Mo
Size
1,344 SF
Type
Office Building
Term
Negotiable
Suite 350 $3.25/SF/Mo
Size
1,584 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Newmark | San Jose
Listed By:
Jon Cannon · License #CA RE #01836599
(650) 688-8525
Source:
Nmrk
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Nov 8 at 2:47AM
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 | San Jose
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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
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 94301, CA
17,299
Population
8,220
Households
2.1
Avg Household Size
44
Median Age
83%
College-Educated
96%
High-School Grad
2.4 sq mi
ZIP Area
7,208
Density / Sq Mi
$235,529
Median Household Income
$136,514
Median Earnings
$3,290
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Palo Alto, CA
$7.41 /SF/Yr
Avg Asking Price
$5.5–$11.63 /SF/Yr
Price Range
10,690 SF
Avg Space Size
Properties on Market for Office Units in Palo Alto
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space for lease in the heart of Palo Alto.
Where is this office unit located?
The property is located at 540 University Avenue Palo 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
