540 University Avenue — Lease in Palo Alto, CA

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

Description

-Located in the Heart of Downtown Palo Alto -Walk to Downtown Amenities -Adjacent to Webster/Cowper Public Parking Garage -Excellent Space for Start-Up Tech Companies, and -Professional Service Firms -Flexible Lease Terms -Operating Expenses (Including Janitorial) are -$2.31/SF/Month plus Palo Alto Utilities -Promotional Rate: Yr 1 $2.75; Yr 2 $3.25; Yr 3 $3.75

Market Context

This office in Palo Alto, CA is listed for lease. It has been on the market for 54 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

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

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