Burbank Retail

Burbank

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
3,090
As of: July 19, 2017

Burbank Rates

Most listings are 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 $4 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Burbank region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Burbank Listing Supply

In the last 90 days, 32 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 125% of the listings in the Burbank are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,870 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1983 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