2023 Office Space Rent & Sales
- $48.05 2023 Avg. Asking Rent
- -2.08% Y-o-Y Avg. Asking Rent Change
- 8.89% 2023 Office Vacancy Rate
Burlingame office price per square foot in 2023 was $48.05 on average. This marked a -2.08% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.89% 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
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Burlingame, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Burlingame, CA
- Burlingame, CA Total SF under construction in 2024 409,280
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Landing - 1699 Bayshore | 1699 Old Bayshore Hwy, 94010 | 300,712 | 2024 |
| TwotwentyPark | 220 Park Rd, 94010 | 185,000 | 2024 |
| One Adrian Court | 1 Adrian Court, 94010 | 3,701 | 2024 |
| 250 California At Burlingame Station | 250 California Dr, 94010 | 44,605 | 2022 |
| 1440 Chapin Avenue | 1440 Chapin Avenue, 94010 | 50,000 | 1987 |
| One Bay | 1350 Bayshore Hwy, 94010 | 196,077 | 1983 |
| One Bay Plaza | 1350 Bayshore Hwy, 94010 | 195,739 | 1980 |
| Sea Breeze | 111 Anza Blvd, 94010 | 103,000 | 1980 |
| 20 Park Road | 20 Park Road, 94010 | 9,000 | 1980 |
| Bayshore Office Center | 1633 Bayshore Hwy, 94010 | 104,610 | 1974 |
Worth noting among recent office completions on the Burlingame market is The Landing - 1699 Bayshore, which is currently the largest new office development in the city, at 300,712 square feet.
See reports for other markets
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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 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.