Retail in Palo Alto, CA — Lease in Palo Alto, CA
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Palo Alto, CA 94306
Photos
Description
Premier High Street Retail Corner in Palo Alto 490 California Avenue sits in the center of one of Silicon Valley’s most coveted commercial districts. California Avenue, Palo Alto’s oldest commercial district, is an area shaped by Stanford University and surrounded by world class innovators, from Tesla and HP to rising AI, biotech, and fintech companies like Navan, PsiQuantum, and Wealthfront. The property has undergone a thoughtful repositioning, aligning it with the caliber of its neighborhood. California Avenue’s walkability, strong daily foot traffic, and concentration of cafés, restaurants, and services create a built-in audience drawn from one of the most affluent and intellectually dense areas anywhere in the world. On the ground floor, the 2,780 SF space commands a hard corner position at the main entry into the district, giving it rare visibility and prominence as visitors and commuters funnel onto California Avenue. In this environment, 490 California Avenue is poised to emerge as a polished, modern anchor, benefiting from the district’s momentum while contributing to its character. It’s a rare chance to secure a presence in a location where innovation, talent, and lifestyle converge seamlessly.
Market Context
This retail in Palo Alto, CA is listed for lease. Compare it against other retail listings for lease in Palo Alto, CA — view the full market.
As of Q2 2026, the San Francisco Peninsula retail market showed a 4.5% vacancy rate, and average asking rents near $38.52/SF/yr. Source: Kidder Mathews Q2 2026 market report.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the San Francisco Peninsula retail market tightening or softening?
- Vacancy is around 4.5% (Q2 2026).
Estimated Market Rate
$2.73/SF/mo – $3.69/SF/mo
Mid: $3.21/SF/mo
First seen on CREHunt: Aug 23, 2026
Contact
- Alex Sagues · +1 415 772 0306 · alex.sagues@cbre.com
- Benzi Blatman · 415 318 6264 · Benzi.blatman@cbre.com
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