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Just focusing on this issue. Building more space not a viable option in this area of Palo Alto and not actually required. To be clear this is not "Palo Alto"
by mikeryan 10y ago
Just focusing on this issue.
Building more space not a viable option in this area of Palo Alto and not actually required.
To be clear this is not "Palo Alto" its a very small downtown area of about 8 blocks square. This is an area which is literally surrounded by multi million dollar single family homes. A 3/2 1200 sqft house goes for 2 million dollars [1] and the area is surrounded by larger 5-10 million dollar homes. Heck Tim Cook lives in a condo in this area.
There's tons more office space available to companies as they move closer to the 101 and further south and north.
In fact most of the burbs up and down the peninsula, Burlingame, San Mateo, Belmont etc have sleepy downtowns with office parks zoned closer to the freeway. It works and most of the populations in these areas prefer having the office parks separate from the residential areas.
[1] https://www.redfin.com/CA/Palo-Alto/1404-Harker-Ave-94301/home/1210618 https://www.redfin.com/CA/Palo-Alto/1404-Harker-Ave-94301/ho...