Downtown Burlington Office Space

Downtown Burlington

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
4,510
As of: July 26, 2017

Downtown Burlington Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Burlington region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 32% decrease in rent.

Downtown Burlington Listing Supply

In the last 90 days, 17 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 35% of the available space in the Downtown Burlington are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 0 and are Class A.

Downtown Burlington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown Burlington occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Burlington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Burlington.
Research