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
Photos
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. 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
Estimated total for 5,158 SF: $33,372 per month
Contact
- Mike Courson · 1650688-8527 · mike.courson@nmrk.com
- Mike Courson · 1650688-8527 · mike.courson@nmrk.com
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