The typical asking rate per listing is in the $40's per square foot per year. The Burbank submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Burbank submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 40 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Burbank are subleases, so you will probably have to consider a longer term 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1984 and are Class A.