Burbank Retail

Burbank

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
10,280
As of: December 4, 2016

Burbank Rates

The typical asking rate per listing is in the $30's per square foot per year. The Burbank region is going through a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 26% decrease in rent.

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

Burbank Listing Supply

In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Burbank are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 10,280 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 1985 and are Class A.

Burbank Community

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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

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