870 Santa Cruz Avenue — Lease in Menlo Park, CA
- Price: Contact for price
- Listing type: For lease
- Asset type: Office
- Location: Menlo Park, CA 94025
- Submarket: Menlo Park
- Size: 8,377 SF
Photos
Description
Sublessor: Level Home, Inc • Brand new built out spec office. • Market ready improvements underway • Exclusive roof deck for office users • Adjacent to abundant city parking • Easy walk to Caltrain • Prominent Visibility & Identity. • Expansive Open Space. Ideal for Professional Service or Tech Users. • $1.86 Opex
Market Context
This office in Menlo Park, CA is listed for lease across 8,377 SF. Compare it against other office listings for lease in Menlo Park, 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
$4.68/SF/mo – $6.33/SF/mo
Mid: $5.50/SF/mo
Estimated total for 8,377 SF: $46,074 per month
By our match to nearby addresses in brokers' reports, this property is in the Menlo Park submarket, where average asking rent was $84.60/SF/yr in Kidder Mathews's Q2 2026 report.
Contact
- Sarah Bohannon · 1650358-5268 · sarah.bohannon@nmrk.com
- Sarah Bohannon · 1650358-5268 · sarah.bohannon@nmrk.com
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