Burbank Office Space

Burbank

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
10,820
As of: January 23, 2017

Burbank Rates

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.

Burbank Listing Supply

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.

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