Burbank Office Space

Burbank

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,680
As of: March 12, 2017

Burbank Rates

Most listings are in the $40's per square foot per year. The Burbank submarket is going through a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Burbank region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Burbank Listing Supply

In the last 90 days, 33 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Burbank are subleases, so you might be able to find a shorter term or below market rent. 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 2,680 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area 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 market. Commute by taxi is the most popular way to get to work amongst Burbank folk. 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