Burbank Retail

Burbank

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,680
As of: May 22, 2017

Burbank Rates

The typical asking rate per listing is in the $30's per square foot per year. The Burbank submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.

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

Burbank Listing Supply

In the last 90 days, 32 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 leases below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1985 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