On average, listings lease in the $40's per square foot per year. The Burbank region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Burbank submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 40 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases 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 7,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1984 and are Class A.
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.