431 Waverley St — Lease in Palo Alto, CA

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

Description

15,599 SF of Class A Office Space Large Central Breakroom Secure Private Outdoor Patio Space 5-Minute Walk to Caltrain Station Prime Downtown Palo Alto Location Highly Amenitized Area Prominent Building Top Signage Adjacent to City Parking Lot Ideal Space for Professional Service or Tech User

Market Context

This office in Palo Alto, CA is listed for lease. It has been on the market for 197 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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