Burbank Retail

Burbank

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
3,470
As of: September 24, 2016

Burbank Rates

The typical asking rate per listing is in the $40's per square foot per year. The Burbank region is going through a a boost in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 33% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Burbank submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Burbank Listing Supply

In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Burbank are subleases, so you will probably have to focus your search on direct office leases. 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 3,470 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1983 and are Class A.

Burbank Community