2023 Office Space Rent & Sales
- $64.11 2023 Avg. Asking Rent
- -1.50% Y-o-Y Avg. Asking Rent Change
- 13.33% 2023 Office Vacancy Rate
Burlington office price per square foot in 2023 was $64.11 on average. This marked a -1.50% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.33% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Massachusetts Class A & A+ Office Space$61.88
- Massachusetts Class B Office Space$30.93
- Massachusetts Class C Office Space$41.60
Burlington, MA Office Asking Rents by Class
Office Spaces for Rent in Massachusetts
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Coworking Spaces in Massachusetts
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2023 Office Construction in Burlington, MA
- Burlington, MA Total SF under construction in 2024 270,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4 Burlington Woods | 4 Burlington Woods Drive, 01803 | 125,000 | 2014 |
| 78 Blanchard Road | 78 Blanchard Road, 01803 | 120,000 | 2014 |
| The Center at Corporate Drive | 30 Corporate Drive, 01803 | 135,276 | 2000 |
| Blue Sky Center - 45 | 45 Network Drive, 01803 | 89,639 | 1998 |
| Burlington Summit | 200 Summit Drive, 01803 | 250,000 | 1990 |
| Burlington Business Center II | 77 South Bedford Street, 01803 | 146,470 | 1986 |
| 128 Corporate Center | 70 Blanchard Road, 01803 | 105,925 | 1986 |
| One Burlington Office Park I | 1 Wall Street, 01803 | 192,000 | 1985 |
| 101 Cambridge Street | 101 Cambridge Street, 01803 | 28,150 | 1985 |
| 2400 District Avenue | 2400 District Avenue, 01803 | 98,000 | 1984 |
Worth noting among recent office completions on the Burlington market is 4 Burlington Woods, which is currently the largest new office development in the city, at 125,000 square feet.
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Burlington 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.