The typical asking rate per listing is in the $40's per square foot per year. The Burbank region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Burbank region has higher rates, and you'll need to make a great offer 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. About 19% of the listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,680 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1985 and are Class A.