On average, listings lease in the $10's per square foot per year. The Burlington Town Center region is experiencing a decrease in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Greater Boston market, the Burlington Town Center submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Burlington Town Center are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Burlington Town Center residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.