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388 Cambridge Ave 7,600 - 32,600 SF of Office Space Available in Palo Alto, CA 94306
HIGHLIGHTS
- 388 Cambridge Avenue is a boutique office and retail complex defined by sustainable sophistication through luxurious and hospitality-level finishes.
- Delivering in Q3 2025, the property offers an elevated experience customized to a tenant's needs and the ideal setting for innovation and growth.
- Proudly and sustainably built with credentials that matter, including Zero-Energy, LEED Gold, Energy Star, SmartScore, and Wired Score.
- Experience luxury with amenities such as private outdoor terraces, advanced tech, high-end ground-floor retail, and spa-like restrooms and lockers.
- Enjoy a connection with Springline in Menlo Park, offering access to an indoor golf simulator, a private fitness center, exclusive events, and more.
- In an amenity-filled, transit-oriented location surrounded by bike lanes, the Caltrain, Highway 101, I-280, Stanford University, and UC Berkeley.
ALL AVAILABLE SPACES(3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
Full second-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Fits 41 - 131 People
- 10 Conference Rooms
- Finished Ceilings: 9’
- Kitchen
- Flexible Use
- Mostly Open Floor Plan Layout
- 14 Private Offices
- 32 Workstations
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Print/Copy Room
Full third-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Build out- 6X6 WORKSTATIONS: 11 RECEPTION: 1 PRIVATE OFFICE: 8 TOTAL HEADCOUNT: 20 LARGE CONFERENCE: 1 SMALL CONFERENCE: 20 HUDDLE: 1 KITCHEN / BREAK: 1 RECEPTION: 1 COPY: 1 IT ROOM: 1 Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Fits 19 - 20 People
- 3 Conference Rooms
- Finished Ceilings: 9’
- Print/Copy Room
- Surrounded by Downtown Restaurants and Amenities
- Open Floor Plan Layout
- 8 Private Offices
- 11 Workstations
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Secure Storage
Full third-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Build out- 6X6 WORKSTATIONS: 24 RECEPTION: 1 PRIVATE OFFICE: 8 TOTAL HEADCOUNT: 33 LARGE CONFERENCE: 1 MEDIUM CONFERENCE: 1 HUDDLE: 1 KITCHEN / BREAK: 1 RECEPTION: 2 COPY: 2 IT ROOM: 1 Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Fits 32 - 33 People
- 2 Conference Rooms
- Finished Ceilings: 9’
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Print/Copy Room
- Open Floor Plan Layout
- 8 Private Offices
- 24 Workstations
- High End Trophy Space
- Kitchen
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 2nd Floor | 16,300 SF | Negotiable | $14.31 CAD/SF/YR $1.19 CAD/SF/MO $233,223 CAD/YR $19,435 CAD/MO | Office | Full Build-Out | Now |
| 3rd Floor, Ste 300 | 7,600 SF | Negotiable | $14.31 CAD/SF/YR $1.19 CAD/SF/MO $108,742 CAD/YR $9,062 CAD/MO | Office | Full Build-Out | Now |
| 3rd Floor, Ste 350 | 8,700 SF | Negotiable | $14.31 CAD/SF/YR $1.19 CAD/SF/MO $124,481 CAD/YR $10,373 CAD/MO | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 16,300 SF |
| Term |
| Negotiable |
| Rental Rate |
| $14.31 CAD/SF/YR $1.19 CAD/SF/MO $233,223 CAD/YR $19,435 CAD/MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor, Ste 300
| Size |
| 7,600 SF |
| Term |
| Negotiable |
| Rental Rate |
| $14.31 CAD/SF/YR $1.19 CAD/SF/MO $108,742 CAD/YR $9,062 CAD/MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor, Ste 350
| Size |
| 8,700 SF |
| Term |
| Negotiable |
| Rental Rate |
| $14.31 CAD/SF/YR $1.19 CAD/SF/MO $124,481 CAD/YR $10,373 CAD/MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 16,300 SF |
| Term | Negotiable |
| Rental Rate | $14.31 CAD/SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Full second-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 41 - 131 People
- 14 Private Offices
- 10 Conference Rooms
- 32 Workstations
- Finished Ceilings: 9’
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Kitchen
- Print/Copy Room
- Flexible Use
3rd Floor, Ste 300
| Size | 7,600 SF |
| Term | Negotiable |
| Rental Rate | $14.31 CAD/SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Full third-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Build out- 6X6 WORKSTATIONS: 11 RECEPTION: 1 PRIVATE OFFICE: 8 TOTAL HEADCOUNT: 20 LARGE CONFERENCE: 1 SMALL CONFERENCE: 20 HUDDLE: 1 KITCHEN / BREAK: 1 RECEPTION: 1 COPY: 1 IT ROOM: 1 Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 19 - 20 People
- 8 Private Offices
- 3 Conference Rooms
- 11 Workstations
- Finished Ceilings: 9’
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Print/Copy Room
- Secure Storage
- Surrounded by Downtown Restaurants and Amenities
3rd Floor, Ste 350
| Size | 8,700 SF |
| Term | Negotiable |
| Rental Rate | $14.31 CAD/SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Full third-floor floor plate comprising 16,300 square feet of office that can be used for a single tenant or demised to accommodate multiple tenants. This space is ideal for professional services and tech businesses. Build out- 6X6 WORKSTATIONS: 24 RECEPTION: 1 PRIVATE OFFICE: 8 TOTAL HEADCOUNT: 33 LARGE CONFERENCE: 1 MEDIUM CONFERENCE: 1 HUDDLE: 1 KITCHEN / BREAK: 1 RECEPTION: 2 COPY: 2 IT ROOM: 1 Floors 2 and 3 can be used for a single tenant or multi-tenant use. Delivery Q3 2025.
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 32 - 33 People
- 8 Private Offices
- 2 Conference Rooms
- 24 Workstations
- Finished Ceilings: 9’
- High End Trophy Space
- Can be combined with additional space(s) for up to 32,600 SF of adjacent space
- Kitchen
- Print/Copy Room
PROPERTY OVERVIEW
388 Cambridge is a brand-new, state-of-the-art office and retail development specially crafted to enhance the workday for its tenants. The building incorporates hospitality-grade finishes and will set a new standard for quality in the market. Designed with sustainability in mind, the mixed-use property is targeting LEED Gold accreditation and a net-zero energy footprint. With a curated set of amenities that evoke feelings of hospitality, this is a workplace where productivity meets luxury and relaxation. At 388 Cambridge, spa-style steam showers, a cold plunge, towel service, bespoke accessories, and private balconies elevate the daily work experience. These amenities are complemented by the lux ground-floor retail spaces and the vibrant California Avenue area. Through a partnership with Springline, located 3 miles away in Menlo Park, enjoy additional amenities and community connections. Springline offers access to a reservable indoor golf simulator, a private fitness center, and validated parking. Springline also offers exclusive events, networking opportunities, dining, and preferred pricing on corporate, residential, and hotel apartments. 388 Cambridge is primely located just off El Camino Real and California Avenue in sunny Palo Alto. The transit-oriented location ensures team members commuting from various locales can arrive effortlessly with direct access to Interstate 280 and Highway 101 and the convenience of the California Avenue Caltrain Station, a six-minute walk away. In addition, ample parking options are nearby for those coming to the office from out of town. The surrounding area offers a plethora of entertainment and enjoyment options. Just a short walk away, California Avenue features a variety of dining choices. Further enhancing the area's draw, nearby destinations such as Town & Country Village, Stanford Shopping Center, and University Avenue offer additional conveniences, including upscale shopping, destination restaurants, and boutique retail shops. In addition, the office's proximity to Stanford University, Stanford Research Park, and Sand Hill Road makes it ideal for accessing top-tier talent and business relationships. This potent mix of strategic location, modern amenities, and accessibility makes 388 Cambridge an ideal choice for dynamic companies looking to thrive in the heart of Silicon Valley.
- Air Conditioning
PROPERTY FACTS
MARKETING BROCHURE
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Poke Bowl | Seafood | $$ | 3 min walk |
| Kali Greek Kitchen | Greek | $$$ | 4 min walk |
| Brioche | Cafe | $$ | 4 min walk |
| Panda Express | - | - | 4 min walk |
| Domino’s | - | - | 3 min walk |
| Jack In The Box | - | - | 4 min walk |
| Golden Wok | Japanese | $$$ | 5 min walk |
| Caffe Riace | Italian | $$$$$ | 7 min walk |
| Chipotle | - | - | 7 min walk |
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 3 min walk |
| Pure Barre | Fitness | 3 min walk |
| Mollie Stone's Markets | Supermarket | 4 min walk |
| LaserAway | Salon/Barber/Spa | 5 min walk |
| Wells Fargo | Bank | 5 min walk |
| FedEx Office | Business/Copy/Postal Services | 13 min walk |
| Bright Horizons | Daycare | 13 min walk |
| Equinox | Fitness | 15 min walk |
HOTELS |
|
|---|---|
| Westin |
184 rooms
4 min drive
|
| Hilton Garden Inn |
174 rooms
5 min drive
|
| Graduate Hotel |
100 rooms
6 min drive
|
ABOUT PALO ALTO
Palo Alto is one of the wealthiest and most exclusive neighborhoods in the Bay Area. Residents are highly educated, and the city’s central Peninsula location midway between San Francisco and San Jose draws a workforce from across the greater Bay Area. Caltrain stops close to downtown, providing a public transportation option, while the Dumbarton bridge provides quick access from the East Bay.
Tech firms are attracted to the downtown area, especially startups linked to venture capital providers and private equity firms based along Palo Alto’s famed Sand Hill Road. Stanford University lies adjacent to the area and has a considerable positive impact on business formation in the local area. The university’s talented graduates and Silicon Valley’s reputation for launching successful startups continually entice tech firms and supporting businesses to set up shop nearby, making Palo Alto one of the nation’s most dynamic areas for invention in the world.
The predominately low-rise downtown area also caters to professional service providers and law firms, among others. The vibrant downtown in Palo Alto boasts high-quality cafes, restaurants, and other amenities and is a magnet for tech workers, making it the perfect place for office tenants.
LEASING TEAMS
LEASING TEAMS
Mike Courson,
Vice Chairman
Mr. Courson has participated in numerous sales and leasing transactions that were later nominated by local business journals as deals of the year. Three standouts are Stanford's acquisition of the Mid-Point Technology Campus located in Redwood City, totaling 898,278 square feet; ING Clarion's acquisition of 133,036 square feet along Sand Hill Road; and Chan Zuckerberg Initiative's (CZI's) build-to-suit, 100,000-rentable-square-foot headquarters located in downtown Redwood City. Throughout Mr. Courson's career, Mr. Courson has paid special attention to downtown amenity and transit orientated markets, particularly Mountain View, Palo Alto and Redwood City. In 2017, Mr Courson led four major Class A ground-up lease transactions in downtown Redwood City totaling more than 315,000 rentable square feet. Associated tenants included CZI, Go Fund Me, McKinsey & Company, Bessemer Ventures, Gunderson Dettmer, SendGrid and Highfive.
Christian Prelle,
Executive Vice President, Head of Office Agency
Prelle has also taken over the leadership and managerial role, overseeing over 55 brokers and staff. He was named Rookie of the Year by the Association of Silicon Valley Brokers (ASVB) in his first year at Newmark and is now a company Top Producer having since completed over 320 lease and sale transactions totaling more than $1.4 billion in total consideration.
Clayton Jones, Senior Vice President
ABOUT THE OWNER
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388 Cambridge Ave
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