Burbank Industrial

Burbank

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
10,280
As of: December 2, 2016

Burbank Rates

Most listings are in the $30's per square foot per year. The Burbank submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 14% decline in rent.

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

Burbank Listing Supply

In the last 90 days, 69 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Burbank are subleases, so you will probably have to focus your search on direct office leases. 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 8,280 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market 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 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