The typical asking rate per listing is in the $30's per square foot per year. The North Burlingame-Rollins Road region is experiencing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Silicon Valley market, the North Burlingame-Rollins Road submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,860 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1965 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. 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.