Burbank Industrial

Burbank

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,690
As of: September 29, 2016

Burbank Rates

On average, listings lease in the $40's per square foot per year. The Burbank region is going through a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 33% rise in rent.

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

Burbank Listing Supply

In the last 90 days, 37 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Burbank are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,210 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1983 and are Class A.

Burbank Community