Burbank Office Space

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Iliad Real Estate Group
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Citibank Building - Unit 415 Burbank, CA rate negotiable
Sep 23
1,330
sqft
Office
175 E Olive Ave - Space Burbank, Burbank, CA  
Aug 09
5,040
sqft
Office
1604 W Olive Ave - Space Rancho Adjacent, Burbank, CA NNN ($0.37)
Jul 03
5,050
sqft
Office Retail
1631 Maria St - Floor 2 Burbank, Burbank, CA  
Jun 10
1,500
sqft
Office
2000 W Magnolia Blvd - 2 Spaces Burbank, CA waiting area
Apr 25
640 - 970
sqft
Office

Burbank

Market Report

Number of Listings
Posted in the last 90 days
28
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
2,890

Burbank Rates

Most listings are in the $40's per square foot per year. The Burbank submarket is going through a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 40% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Burbank submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Burbank Listing Supply

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 available leases in the Burbank are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,890 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1983 and are Class A.

Burbank Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Burbank folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Burbank.
Research