Commercial Real Estate Market in Los Altos, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
40 active listings and 566 off-market properties in Los Altos, CA. Commercial property asks $635/SF to buy and $20.61/SF/Yr to lease.
Market Trends
Los Altos, CA spans 26.0 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Los Altos, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Los Altos, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Los Altos, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Los Altos, CA asks $719/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Los Altos, CA has 44,105 residents in 16,637 households. Density runs 1,697 people per square mile. Median household income here is $250,001 and median gross rent $3,501 a month.
44,105
Population
16,637
Households
2.7
Avg Household Size
47
Median Age
87%
College-Educated
99%
High-School Grad
26 sq mi
ZIP Area
1,697
Density / Sq Mi
$250,001
Median Household Income
$157,663
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Palo Alto | — | $23.34 |
| Menlo Park | — | $11.08 |
| Sunnyvale | — | $17.88 |
Commercial property in Los Altos, CA asks $635/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Los Altos?
Commercial property in Los Altos, CA asks an average of $635 per square foot. The 5 most recent recorded sales traded at a median of $1,218/SF. Multifamily carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in Los Altos?
Asking lease rates in Los Altos, CA average $20.61 per square foot per year.
Where does Realmo's Los Altos market data come from?
Realmo compiles Los Altos, CA figures from 6 recent recorded sales, 11 active sale listings, 29 active lease listings, 566 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 29 active for-lease listings in Los Altos, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
