Burbank Sublease

Burbank

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,750
As of: February 27, 2017

Burbank Rates

Most listings are in the $30's per square foot per year. The Burbank region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% 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, 34 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Burbank are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area 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