Burbank Industrial

Burbank

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
3,210
As of: August 17, 2017

Burbank Rates

Most listings are in the $40's per square foot per year. The Burbank submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 47% increase in rent.

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

Burbank Listing Supply

In the last 90 days, 33 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 124% of the listings in the Burbank are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region 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 area. 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