On average, listings lease in the $50's per square foot per year. The North Burlingame-Rollins Road region is seeing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 75% increase in rent.
Compared to the rest of the Silicon Valley market, the North Burlingame-Rollins Road region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1965 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Burlingame-Rollins Road residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.