Burbank Sublease

Burbank

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,680
As of: March 12, 2017

Burbank Rates

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.

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. 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.

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