On average, listings lease in the $40's per square foot per year. The Burbank submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Burbank region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 456 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the Burbank are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1983 and are Class A.
Real time and historical data on commercial real estate listings in Burbank.
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