In the past three months,
transactional activity for San Mateo and Burlingame has slowed. Please contact
our market expert Kimberly Lum for moredetail on what has sold and is
currently under contract.
How did COVID-19 affect the commercial real estate market? In San Mateo and Burlingame, no commercial real estate buildings sold in March; in April, one building sold in San Mateo (1130-1136 Broadway) for $690 PSF; in May, one building (4015 Pacific Boulevard) sold in Burlingame for $633 PSF. In addition, from March through May, there were three land sales purchased for redevelopment. We expect activity to pick up in June. In addition, we also assist landlords in finding tenants with a focus on office and medical office.
SVN is a full service commercial real estate firm with over 1,600 advisors in over 225 offices across the U.S. SVN's Healthcare division is made up of commercial real estate brokers from across the country. All SVN® offices are independently owned and operated. SVN | QAV & Associates CA DRE 01939447 is based in San Francisco, CA. SVN NorCal comprises an affiliation of all SVN offices in Northern California. For more information, please visit www.svn.com
SVN | QAV & Associates Commercial Real Estate AdvisorsCA DRE #01939447www.svnqav.com369 Pine Street, Suite 103 • San Francisco, CA 94104