2020 Office Space Rent & Sales
- $53.98 2020 Avg. Asking Rent
- 0.70% Y-o-Y Avg. Asking Rent Change
- 11.72% 2020 Office Vacancy Rate
Burlingame office price per square foot in 2020 was $53.98 on average. This marked a +0.70% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.72% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Burlingame Class A Office Space$57.93
- Burlingame Class B Office Space$48.72
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Burlingame, CA Office Asking Rents by Class
2020 Office Construction in Burlingame, CA
- Burlingame, CA Total SF completed in 2020 703,600
During 2020, 703,600 square feet of new office space were delivered across the market. At the close of 2020, the Burlingame office inventory included 4 buildings equal to or larger than 25,000 square feet, which comprised 703,600 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 250 California At Burlingame Station | 250 California Dr, 94010 | 44,605 | 2022 |
| 1440 Chapin Avenue | 1440 Chapin Avenue, 94010 | 50,000 | 1987 |
| Oritz Bldg | 1555 Bayshore Hwy, 94010 | 28,000 | 1986 |
| Bayside Plaza | 700 Airport Blvd, 94010 | 130,331 | 1984 |
| One Bay | 1350 Bayshore Hwy, 94010 | 196,077 | 1983 |
| 345 Lorton Ave | 345 Lorton Ave, 94010 | 21,300 | 1983 |
| Sea Breeze | 111 Anza Blvd, 94010 | 103,000 | 1980 |
| ONE BAY PLAZA | 1350 Old Bayshore Hwy , 94010 | 0 | 1980 |
| 533 Airport Blvd | 533 Airport Blvd, 94010 | 66,551 | 1978 |
| Bayshore Office Center | 1633 Bayshore Hwy, 94010 | 104,610 | 1974 |
Worth noting among recent office completions on the Burlingame market is 250 California At Burlingame Station, which is currently the largest new office development in the city, at 44,605 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Burlingame commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.