On average, listings lease in the $20's per square foot per year. The Burlington region is seeing a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 39% decrease in rent.
Compared to the rest of the Greater Boston market, the Burlington submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Burlington are subleases, so you might be able to find a shorter term or below market rent. 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 5,420 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1984 and are Class A.