Burbank Industrial

Burbank

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,090
As of: June 28, 2017

Burbank Rates

The typical asking rate per listing is in the $30'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 $32 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Burbank region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Burbank Listing Supply

In the last 90 days, 33 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 115% of the office spaces in the Burbank are subleases, so you might be able to find a shorter term or below market rent. 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 3,090 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1984 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 region. Commute by taxi is the most popular way to get to work amongst Burbank occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Burbank.
Market Report

Market Data

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