Commercial Real Estate Market in Burlington, VT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
116 active listings and 1,193 off-market properties in Burlington, VT. Commercial property asks $223/SF to buy and $20.24/SF/Yr to lease.
Market Trends
Burlington, VT spans 10.3 square miles in Chittenden County, Vermont. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Burlington, VT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Burlington, VT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Burlington, VT runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Burlington, VT asks $290/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.8%
- Open space 29.6%
- Commercial 10.9%
- Civic 10.5%
- Industrial 5%
- Mixed use 4.2%
Largest Zones share of zoned land by district
Residential Low Intensity
Recreation Conservation And Open Space
Recreation Conservation And Open Green Space
Recreation Conservation And Open Space Agriculture
Institutional
Burlington, VT zones 7,046 acres across 19 districts. Commercial zoning covers 10.9% of zoned land, residential 39.8%, open space 29.6% and industrial 5%. The largest single district is Residential Low Intensity at 30.5%. For commercial buyers the practical constraint is that only 15.9% of land carries a commercial or industrial designation.
Institutional (I)
The Institutional District (I) as illustrated in Map 4.4.4-1 allows for increased development scale and intensity than would typically be found in the adjacent residential districts to support continued growth and flexibility of the city’s major public and higher education and health care institutions within their respective institutional missions. New devel…
Market overview
Demographics & Economy
Burlington, VT has 44,835 residents in 18,361 households. Density runs 4,337 people per square mile. Median household income here is $69,887 and median gross rent $1,604 a month.
44,835
Population
18,361
Households
2.4
Avg Household Size
29
Median Age
63%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
4,337
Density / Sq Mi
$69,887
Median Household Income
$29,247
Median Earnings
$1,604
Median Rent
$440,258
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Burlington | — | — |
| Winooski | — | — |
| Colchester | — | — |
| Essex | — | — |
Commercial property in Burlington, VT asks $223/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burlington?
Commercial property in Burlington, VT asks an average of $223 per square foot. The 7 most recent recorded sales traded at a median of $212/SF, so asking sits 5% above the achieved median. Multifamily carries the highest asking price at $290/SF.
How much does it cost to lease commercial space in Burlington?
Asking lease rates in Burlington, VT average $20.24 per square foot per year.
What zoning applies to commercial property in Burlington?
Burlington, VT zones 7,046 acres across 19 districts, of which 10.9% is commercial and 5% industrial. The largest single district is Residential Low Intensity at 30.5% of zoned land. Residential zoning covers 39.8% and open space 29.6%.
Where does Realmo's Burlington market data come from?
Realmo compiles Burlington, VT figures from 8 recent recorded sales, 65 active sale listings, 51 active lease listings, 1,193 tracked off-market properties, the current Burlington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 65 active for-sale and 51 active for-lease listings in Burlington, VT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,046 zoned acres across 19 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
