Commercial Real Estate Market in Menlo Park, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
103 active listings and 859 off-market properties in Menlo Park, CA. Commercial property asks $642/SF to buy and $11.08/SF/Yr to lease.
Market Trends
Menlo Park, CA spans 30.7 square miles in San Mateo County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Menlo Park, CA asks $482/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Menlo Park, CA asks $538/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Menlo Park, 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 Menlo Park, CA asks $671/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
Menlo Park, CA has 56,528 residents in 21,724 households. Density runs 1,841 people per square mile. Median household income here is $224,429 and median gross rent $3,252 a month.
56,528
Population
21,724
Households
2.6
Avg Household Size
41
Median Age
75%
College-Educated
95%
High-School Grad
30.7 sq mi
ZIP Area
1,841
Density / Sq Mi
$224,429
Median Household Income
$98,624
Median Earnings
$3,252
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 |
| Redwood City | — | $14.25 |
| Woodside | — | — |
Commercial property in Menlo Park, CA asks $642/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Menlo Park?
Commercial property in Menlo Park, CA asks an average of $642 per square foot. Multifamily carries the highest asking price at $671/SF.
How much does it cost to lease commercial space in Menlo Park?
Asking lease rates in Menlo Park, CA average $11.08 per square foot per year.
Where does Realmo's Menlo Park market data come from?
Realmo compiles Menlo Park, CA figures from 7 recent recorded sales, 28 active sale listings, 75 active lease listings, 859 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 28 active for-sale and 75 active for-lease listings in Menlo Park, 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
