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.
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.