Palo Alto Business Demographics

 

AREA		26 SQUARE MILES
Population	Total	approx. 60,000
	Female	51.1%
	Male	48.9%
	Median Age	40.2
Number of Households		26,155
Median Income
	Palo Alto	$93,400 per household
		$117,574 per family
	Santa Clara County	$96,000 per family
	California (Taken off US Dept. of Health & Human Services site)	1 person family- $20,519
		2 person family- $26,833
		3 person family- $33,140
		4 person family- $39,460
		5 person family- $45,744
		6 person family- $52,087
Ethnic Breakdown
	White Non-Hispanic	72.8%
	Chinese	9.3%
	Hispanic	4.0%
	Two or more races	3.2%
	Japanese	2.3%
	Asian Indian	2.1%
	Black	2.0%
	Korean	1.6%
	Other Race	1.4%
	Other Asian	0.8%
	American Indian	0.7%
	Filipino	0.7%
Crime Rates
	Palo Alto	200.4 (per 100,000)
	Santa Clara County	228.6 (per 100,000)
This information was gathered from www.city-data.com	State (US Average)	327.2 (per 100,000)

 

Distance to SF
35 miles

Distance to SFO
20 miles

Distance to SJ
14 miles

 

Business Statistics

Number of Jobs
98,450

Unemployment
0.8%

Office Vacancy Rate
0.84%

Office Lease Rate
avg. $9.04

R&D Vacancy Rate
1.51%

R&D Lease Rate
avg. $8.32

Retail Space Rate Range
$3.00-$9.00

Commercial & Industrial Space
27.3 million square feet

 

Major employment centers

Retail & Commercial
Dowtown/University Avenue, Stanford Shopping Center, El Camino Real, Town and Country Village, California Avenue.

Research & Development
Stanford Research Park, home to major employers in Palo Alto.

Neighborhood Retail & Local Centers
Midtown, Alma Plaza, Charleston Center, Edgewood Plaza

Startup and Service Industries
East Bayshore and San Antonio Road/Bayshore Corridors

 

Local Amenities:

Parks (34), tennis courts (52), libraries (6) community centers (4), theaters (3), swimming pools (3), nature centers (2), athletic center, golf course, cultural center, junior museum and zoo.

 

Schools:

Education Level Of Population

High School
96.2%

College
74.4%

Graduate Degree
43.0%