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Sublease Highlights

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

All Available Spaces(2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 985 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • 30 Days

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.

  • Sublease space available from current tenant
  • Mostly Open Floor Plan Layout
  • Space is in Excellent Condition
  • Fully Built-Out as Standard Office
  • 1 Conference Room
  • 2nd Floor
  • 7,130 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • 30 Days

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.

  • Sublease space available from current tenant
  • Open Floor Plan Layout
  • Fully Built-Out as Standard Office
  • Space is in Excellent Condition
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor 985 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out 30 Days
2nd Floor 7,130 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out 30 Days

1st Floor

Size
985 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

2nd Floor

Size
7,130 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

1st Floor

Size 985 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Build-Out Full Build-Out
Available 30 Days

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.

  • Sublease space available from current tenant
  • Fully Built-Out as Standard Office
  • Mostly Open Floor Plan Layout
  • 1 Conference Room
  • Space is in Excellent Condition

2nd Floor

Size 7,130 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Build-Out Full Build-Out
Available 30 Days

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.

  • Sublease space available from current tenant
  • Fully Built-Out as Standard Office
  • Open Floor Plan Layout
  • Space is in Excellent Condition

Property Overview

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.

Property Facts

Building Type
Office
Year Built
2017
Building Height
3 Stories
Building Size
31,009 SF
Building Class
B
Typical Floor Size
10,793 SF
Unfinished Ceiling Height
10’
Parking
Surface Parking
Surface Tandem Parking
Covered Parking
Covered Tandem Parking
Reserved Parking

Select Tenants

  • Floor
  • Tenant Name
  • Industry
  • Multiple
  • Accel
  • Finance and Insurance
  • 1st
  • Joe & The Juice
  • Accommodation and Food Services

Attachments

Brochure
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
  • Listing ID: 41337358

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 500-508 University Ave, Palo Alto, CA 94301

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