For Sale
Hillsborough, CA
Commercial Real Estate Market Trends & Data
$661
Avg asking sale price
$50
Avg asking lease rate
6,685 SF
Avg unit lease size
9,671 SF
Avg building size for sale
4.76%
Average cap rate
Hillsborough's Demographic Profile
Hillsborough has 3,517 households and a median income of $254,006, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 10,914 |
| # Households | 3,517 |
| Median age | 50 |
| Median household income | $254,006 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 267 |
| 5-year population change | -4% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hillsborough, CA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Burlingame | $994 | 2,132 SF | 6.74% |
| San Mateo | $806 | 9,204 SF | 6.74% |
| Belmont | $774 | 9,102 SF | 4.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Burlingame | $898 | 12,353 SF | 6.74% |
| San Mateo | $557 | 8,146 SF | 6.74% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Hillsborough | $579 | 14,813 SF |
| Burlingame | $645 | 4,404 SF |
| San Mateo | $672 | 10,432 SF |
| Millbrae | $598 | 3,000 SF |
| Belmont | $733 | 5,790 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Burlingame | $693 | 8,755 SF | 5.75% |
| San Mateo | $673 | 8,877 SF | 6.50% |
| Belmont | $575 | 8,892 SF | 6.50% |
| San Bruno | $642 | 2,481 SF | 6.58% |
Commercial Properties For Sale in Hillsborough
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Hillsborough pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Hillsborough | $661 | 9,671 SF |
| Burlingame | $789 | 8,928 SF |
| San Mateo | $705 | 9,253 SF |
| Millbrae | $767 | 14,415 SF |
| Belmont | $609 | 8,854 SF |
Regional Demographic Comparison
This comparison places Hillsborough alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hillsborough or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Hillsborough | 10,914 | 3,517 | 50 | $254,006 | 3 | 267 | -4% |
| Burlingame | 30,471 | 12,113 | 43 | $147,145 | 2 | 6,633 | -3% |
| San Mateo | 100,245 | 38,070 | 41 | $136,641 | 3 | 19,233 | -4% |
| Millbrae | 22,332 | 7,888 | 45 | $141,603 | 3 | 3,114 | -4% |
| Belmont | 26,328 | 9,855 | 43 | $183,212 | 3 | 4,005 | -5% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hillsborough, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Hillsborough
View All Commercial Real Estate For Sale in Hillsborough
Is Hillsborough a good market for a first-time commercial real estate investor?
Hillsborough offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Hillsborough?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hillsborough. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Hillsborough?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hillsborough. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Hillsborough compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hillsborough. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Hillsborough acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hillsborough, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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