2020 Office Space Rent & Sales
- $40.97 2020 Avg. Asking Rent
- 11.70% 2020 Office Vacancy Rate
Burlington office price per square foot in 2020 was $40.97 on average. The local office market recorded an average vacancy rate of 11.70% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Burlington Class A Office Space$41.96
- Burlington Class B Office Space$38.40
- Massachusetts Class A Office Space$46.89
- Massachusetts Class B Office Space$30.93
- Massachusetts Class C Office Space$24.25
Burlington, MA Office Asking Rents by Class
2020 Office Construction in Burlington, MA
- Burlington, MA Total Sqft completed in 2020 25,401
During 2020, 25,401 square feet of new office space were delivered across the market. At the close of 2020, the Burlington office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 25,401 square feet of office space.
|21 B Street||21 B Street, 01803||25,401||2020|
|Burlington Summit - 400 & 600 Summit Drive||600 Summit Drive, 01803||350,000||2017|
|Oracle Campus - 6 Van de Graaff Drive||6 Van de Graaff Drive, 01803||125,000||2015|
|53 South Avenue||53 South Avenue, 01803||280,560||2013|
|Network Drive at Northwest Park - 15||15 Network Drive, 01803||127,750||2009|
|The Center at Corporate Drive - 10 Corporate Drive||10 Corporate Drive, 01803||110,721||2009|
|5 Wall Street||5 Wall Street, 01803||181,680||2008|
|Northwest Park - 71 3rd Avenue||71 3rd Avenue, 01803||44,831||2001|
|Oracle Campus - 8 & 10 Van de Graaff Drive||10 Van de Graaff Drive, 01803||319,000||2000|
|Network Drive at Northwest Park - 65||65 Network Drive, 01803||176,811||2000|
Worth noting among recent office completions on the Burlington market is 21 B Street, which is currently the largest new office development in the city, at 25,401 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 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.