Palo Alto Office Space for Rent

Palo Alto Private Offices, Executive Workspace & Coworking

Offices.net has Palo Alto office space for lease available now for immediate occupation, with flexible rental terms. Much of the office space for rent offers simple, short term and flexible rental contracts, meaning that you can gain the benefits of a wide range of facilities and a prestigious business address in Palo Alto, CA with a rental agreement that is tailored to suit your company's needs.

Palo Alto is part of Silicon Valley and serves as a central economic focal point for the area. Its industries follow the economic trends of the rest of Silicon Valley and therefore are based in high-tech, computer and online industries. Along with these tech center industries Palo Alto also has a vibrant tourism trade, including retail and hospitality.

The city is served by two major U.S. freeways and is home to the Palo Alto Airport of Santa Clara County. There is also an extensive rail and bus network.

Palo Alto Office Space for Lease and Flex Space for Rent

Offices.net offers businesses of any size a simple, fast and easy way to rent office space in Palo Alto. Many of the office buildings we list have amenities like manned receptions, 24 hour access, air conditioning, mail handling, onsite parking, high speed Internet connectivity and telephones. This can help remove the usual time-consuming process involved in setting up an office, and let you focus on getting up and running.

Palo Alto Commercial Real Estate: Office Space Market

The Palo Alto office market consists of defined geographical clusters with distinct tenant profiles. Palo Alto retail companies are mostly located in the heart of the downtown and Midtown Palo Alto areas; healthcare and R&D firms tend to be in the vicinity of Stanford; start-ups in Bayshore Corridor and East Bayshore, and generally speaking the area near California Avenue is considered the corporate heart of Palo Alto. Typical tenants are large companies that occupy several units in various office buildings all over the city.

As it is the case in other parts of Silicon Valley, high levels of leasing activity and a growing amount of venture capital investment characterize the local office market. In fact, Palo Alto, CA is often considered one of the most attractive office markets in Santa Clara county. Yet, the market is not without its challenges.

Up until 2015 nearly 70,000 square feet of new office space were added on an annual basis to the city's inventory, but despite growing demand, the local authorities have proposed limiting new office developments in the city center. If this plan materializes, it will drive rental rates further up and may cause tenants to seek accommodation in out of town locations or nearby communities, such as Redwood City.

For the time being, top office rents can reach $90 / sq ft / year, which is several times higher than the national average, and vacancy rates are also at a record low of 4 percent. These indicators are generally in line with the rest of Silicon Valley, which is one of the priciest office markets in the United States.

Startup Coworking Space in Palo Alto | Executive Offices Palo Alto CA

Many of the business centers come inclusive of an impressive selection of office support services, with friendly reception staff, security and onsite IT personnel, WiFi and internet services. Much of the office space available provides video conferencing facilities, spacious conference rooms, and kitchens. Most of the workspace on offer benefits from natural light and is within easy walking distance of public transportation.

All you need to do is to pick one of the office spaces for rent in Palo Alto, CA on this page. Every one of the executive office spaces available boasts a prime business position, near all of the Palo Alto amenities.

Grow Your Business with Office Space in Palo Alto, CA

The city of Palo Alto is situated in the southern end of San Francisco Bay, 17 miles north of San Jose and some 30 miles south of San Francisco. Palo Alto is part of Silicon Valley and is in close proximity of other high-tech and innovation hubs like West El Camino Real Mountain View, CA and Menlo Park.

For decades, the city has been synonymous with educational excellence given the presence of Stanford University. The prestige of this educational institution and the availability of world-class research facilities led to the development of a thriving high-tech sector, which to this day is one of the main contributors to the city's economy. As the city's population continues to grow, there is scope for other industries to develop, mainly in professional and business services, Palo Alto retail services, and medical assistance.

Key Employers: The list of top employers in Palo Alto reflects the city's predominant industry sectors and includes companies in IT, healthcare and R&D. Key employers based here are Hewlett Packard, Stanford Children's Health, US Veterans Medical Center, Tesla, Facebook, Pinterest, Google, Stanford University, PayPal, Logitech, Intuit, and Skype.

Labor Market & Employment: Palo Alto has one of the lowest unemployment rates in the United States, since unemployment levels rarely exceed 3 percent. Ten-year job growth estimates are set at nearly 44 percent, a figure that points at dynamism and potential of local labor market. As it happens in other cities located in the heart of Santa Clara County, the fastest-growing occupations by 2024 will be operations research analysis, nursing, biomedical engineering, web and software development, computer system analysis and information research science.

Business Environment: Palo Alto is home to more than 7,000 registered businesses, which provide nearly 100,000 jobs within the city. Long-term growth is on the cards thanks to initiatives like Our Palo Alto 2030, which aims to maintain distinct business districts with advanced infrastructure, support new and existing businesses, and revitalizes designated areas to further stimulate the local economy. The Office of Economic Development can provide further information on how to start a business locally, what resources are available, and other useful data.

Find Office Rentals & Palo Alto Commercial Property

As well as the long and short term office space for lease available in a prestigious Palo Alto location, Offices.net can also provide a wide range of coworking spaces, private and shared office space, retail space, medical space, day offices and executive suites in excellent locations in other cities in California, available immediately on flexible terms to suit your individual business needs. Offices.net can help you find ideal Pacific workplaces for your needs!