Burbank Industrial

Burbank

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,690
As of: February 22, 2017

Burbank Rates

On average, listings lease in the $40's per square foot per year. The Burbank region is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% 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 region.

Burbank Listing Supply

In the last 90 days, 35 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Burbank are subleases, so you might be able to snag a great spot on a short term. 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 2,690 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1985 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 residents. 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