Burbank Office Space

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 3, 2016

Burbank Rates

On average, listings lease in the $30's per square foot per year. The Burbank submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 26% decrease 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, 68 listings have been made available, 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 consider a longer term 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 10,280 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1985 and are Class A.

Burbank Community

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