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500-508 University Ave
Palo Alto, CA 94301 Downtown Palo Alto

Rate Upon Request

Office For Lease  •  985+ SF

Property Details

  • Property Type Office
  • Year Built 2017
  • Total Building Size 31,009 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning CD-C (GF) (P)
60 Transit Score
90 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste Office 985 SF Rate Upon Request 
Class A Sublease. The first-floor space includes a large board room and an existing office buildout suitable for collaborative meetings, executive functions, and client-facing activities.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Office
  • Space Type: Sublet
2nd Floor Ste Office 7,130 SF Rate Upon Request 
The second-floor space is offered in plug-and-play condition with an existing office configuration that can support a variety of professional office users.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Office
  • Space Type: Sublet

Description 

500 University Avenue offers a Class A office sublease opportunity in downtown Palo Alto. The available premises include space on both the first and second floors and are being offered with a plug-and-play office environment designed to support a streamlined occupancy process. The layout includes a large board room on the first floor, providing a dedicated meeting and collaboration area suitable for executive, client-facing, and team functions.

Positioned along University Avenue, the property benefits from a highly recognizable Palo Alto business address within one of Silicon Valley's most established office markets. The surrounding area provides convenient access to a broad mix of restaurants, retail services, professional amenities, and other downtown conveniences that support employee and visitor needs. Its central location places occupants within close proximity to the area's technology, venture capital, professional services, and innovation ecosystem.

The sublease is offered with flexible term availability and is expected to be available within 30 to 60 days. The combination of an existing office buildout, downtown location, and near-term occupancy timeline provides an opportunity for organizations seeking a turnkey office solution in a well-established business environment. Tours are available by appointment.

Highlights

Class A office sublease opportunity in downtown Palo Alto.
Plug-and-play office configuration supports an efficient occupancy transition.
Large board room on the first floor accommodates meetings, presentations, and collaboration.
Flexible sublease term structure provides occupancy flexibility.
Available within approximately 30 to 60 days.
Located along University Avenue near downtown Palo Alto amenities and services.

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Accel
Joe & The Juice

Public Transportation

Commuter RailDriveWalkDistance
Palo Alto Caltrain Station Southbound (Express - Caltrain (Caltrain), Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 2 min 12 min 0.6 mi
Menlo Park Caltrain Station Southbound (Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 5 min - 1.8 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 23 min - 15.6 mi
San Francisco International 29 min - 19.9 mi
Metro Oakland International 41 min - 28.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jon Cannon 650-224-4800 Newmark
Jon Cannon 650-224-4800 Newmark