585 Hamilton Avenue — Lease in Palo Alto, CA

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

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. 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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