Description:
Menlo Park:
Situated on “The Peninsula”, Menlo Park is conveniently located between San Francisco and Oakland in the North, and San Jose in the East. The City of Menlo Park is home to a wide range of businesses of every size and type. This diverse business atmosphere offers many
commercial real estate and
commercial listings, as well as
commercial office space and
industrial properties. Employers include such familiar names as Sun Microsystems, Boise Cascade, SRI International and the U.S. Geological Survey.
Companies who look for spaces in Menlo Park also search in these neighboring cities:
Mountain View,
Palo Alto, and
Redwood City.
Office and warehouse space: To accommodate these and many other enterprises, business parks are located in both the east and west ends of the City near Interstate 280 and the Bayshore Freeway. These business parks offer many office space listings and
commercial office space properties. Menlo Park has its own Caltrain station and is 30 minutes away from the airport. The convenient transportation system is plus advantage for businesses that are looking for
commercial office space as well as
office space property. Many small office users find
Rofo to be a great solution to find office space.
Retail space: Downtown Menlo Park is a vibrant place and local merchants are an integral part of the neighborhood. Santa Cruz Avenue, the main artery of downtown Menlo Park, is an attractive street lined with a wide variety of shops that meet local needs and draw visitors from other parts of the Peninsula. These shopping centers have significant amounts of
small retail spaces that are perfect for small shops and restaurants. In these centers, many
commercial real estate and
commercial properties can be found as well. The variety of downtown shops mirrors the eclectic nature of the neighborhood's small older cottages and apartments to large, multi-story remodels. Stores range from upscale clothing, rugs, furniture and restaurants to longtime standards such as the Hoot N Toot cleaners and second-hand shops. These centers offer many
small retail property and
commercial leases. The attractions that Menlo Park offers make it a great place for businesses to find commercial properties for rent or commercial real estate for lease. Retail space in Menlo Park can be found on
Rofo at affordable prices.
Quick Market Stats:
There's roughly 2,000,000 square feet of office space with a rough overall vacancy rate of 10%. The average asking rates for
Class A office space is $5.00(fs) and
Class B office space is $3.50(fs) per square foot per month.
The industrial space market is roughly 3,000,000 square feet and has an overall vacancy rate of just 4%. The average lease rate is $0.75 per square foot per month.
