245 Lytton Avenue — Lease in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Palo Alto, CA 94301
  • Size: 5,158 SF

Description

Downtown Palo Alto’s Premier Trophy Asset; High Quality and Recently Renovated Restrooms and Common Areas; Top Floor View Space; Prime Location; Walkable to All Retail Amenities and Caltrain Transit Dedicated; Secured, Below-Grade Parking; Outdoor Event Space

Market Context

This office in Palo Alto, CA is listed for lease across 5,158 SF. It has been on the market for 53 days. Compare it against other office listings for lease in Palo Alto, CA — view the full market.

As of Q1 2026, the San Francisco Peninsula office market showed a 16.5% vacancy rate. Source: Colliers Q1 2026 market report.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the San Francisco Peninsula office market tightening or softening?
Vacancy is around 16.5% (Q1 2026).

Estimated Market Rate

$0.36/SF/mo – $0.48/SF/mo

Mid: $0.42/SF/mo

Estimated total for 5,158 SF: $2,166 per month

Rate estimator only; cost-of-business estimate unavailable.

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