585 Hamilton Avenue — Lease in Palo Alto, CA

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

Photos

585 Hamilton Avenue — Lease in Palo Alto, CA, photo 1 of 2
585 Hamilton Avenue — Lease in Palo Alto, CA, photo 2 of 2

Description

- Divisible by Floor to 4,169 sf and 4,344 sf - New Class A+ construction - 47,000 SF mixed use development with 19 luxury apartment homes - Incomparable downtown Palo Alto location - Building signage opportunity - Secure separate entrance and access for office tenant - Ample underground secured parking with 2 EV charging stations solely for office tenant’s use - Bike storage - Expansive landscaping creating a tranquil environment while also providing privacy - Two private outdoor landscaped terraces exclusive for office tenant’s use - Warm shell condition

Market Context

This office in Palo Alto, CA is listed for lease. Compare it against other office listings for lease in Palo Alto, CA — view the full market.

As of Q2 2026, the San Francisco Peninsula office market showed a 23.8% vacancy rate, and average asking rents near $66.00/SF/yr. Source: Kidder Mathews Q2 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 23.8% (Q2 2026).

Estimated Market Rate

$5.50/SF/mo – $7.44/SF/mo

Mid: $6.47/SF/mo

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