The typical asking rate per listing is in the $30's per square foot per year. The Burbank submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Burbank submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 49 listings have come on the market, 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 need to sign a longer term lease with the landlord directly. 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 7,160 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1985 and are Class A.