On average, listings lease in the $30's per square foot per year. The Burbank submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Chicagoland market, the Burbank submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Burbank.
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