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Historic Office Suite with Patio
For Lease
$7.50 SF/Yr NNN

705 Forest Avenue, Palo Alto, CA 94301

Historic office suite features a courtyard/patio, fiber internet, and dedicated and street parking, available immediately.

Space SizeContact for details
Days on Market47

Property Features for 705 Forest Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Office
Lease Type NNN

Amenities

Fiber Internet
Courtyard/Patio
Listing Agency: CBRE | Palo Alto
Listed By: Westy Rose · License #01989147
Source: Cbre
Added: Jul 24 Changed: Sep 8 Last Checked: Sep 8 at 8:54AM

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 | Palo Alto

Investment Insights

Based on property information with market context.

This historic office suite offers approximately 2,345 square feet and is available immediately. The space includes fiber internet and features a courtyard/patio setting that can support a professional work environment.

The property is located in close proximity to Downtown Palo Alto amenities. Parking is available with four dedicated spaces plus street parking.

The suite is presented as an NNN offering with an asking rate stated as $7.50 NNN.

Key Highlights

  • Historic office suite offering ±2,345 SF
  • Available immediately
  • Courtyard/patio included

Property Analytics

Current Use

Robert Trent Jones ... Construction Company

Suggested Use

Top Pick Food Market Barber Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store 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

3,889
Businesses Nearby

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

Market

Lease Benchmarks for Palo Alto, CA

$7.85 /SF/Yr
Avg Asking Price
$5.5–$12 /SF/Yr
Price Range
10,145 SF
Avg Space Size

This space is priced 4% below the average of $7.85 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Historic office suite features a courtyard/patio, fiber internet, and dedicated and street parking, available immediately.
Where is this office units located?
The property is located at 705 Forest Avenue Palo Alto, CA.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Historic office suite offering ±2,345 SF; Available immediately; Courtyard/patio included
More about this property
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