Burbank Retail

Burbank

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
3,210
As of: August 18, 2017

Burbank Rates

Most listings are in the $40's per square foot per year. The Burbank region is experiencing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 47% rise 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 region.

Burbank Listing Supply

In the last 90 days, 32 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 128% 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 3,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 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