2024 Office Space Rent & Sales
- $49.02 2024 Avg. Asking Rent
- -1.94% Y-o-Y Avg. Asking Rent Change
- 23.81% 2024 Office Vacancy Rate
Burbank office price per square foot in 2024 was $49.02 on average. This marked a -1.94% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.81% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Burbank Class A & A+ Office Space$53.97
- Burbank Class B Office Space$30.95
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Burbank, CA Office Asking Rents by Class
2024 Office Vacancy Rates in Burbank
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Burbank | $49.02 | 23.98% |
| Antelope Valley | $28.28 | 3.85% |
Office Spaces for Rent in California
Coworking Spaces in California
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2024 Office Construction in Burbank, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3051-3055 N Hollywood Way | 3051-3055 N Hollywood Way, 91505 | 18,750 | 2022 |
| 3021-3025 N Hollywood Way | 3021-3025 N Hollywood Way, 91505 | 16,500 | 2022 |
| 3031-3035 N Hollywood Way | 3031-3035 N Hollywood Way, 91505 | 16,500 | 2022 |
| 3071-3075 N Hollywood Way | 3071-3075 N Hollywood Way, 91505 | 14,250 | 2022 |
| 3041-3045 N Hollywood Way | 3041-3045 N Hollywood Way, 91505 | 14,250 | 2022 |
| The Pointe | 2900 W. Alameda Blvd., 91505 | 473,672 | 2009 |
| The Pointe | 2900 West Alameda Avenue, 91505 | 480,645 | 2008 |
| Providence Saint Joseph Medical Center - Burbank Medical Plaza II | 191 South Buena Vista Street, 91505 | 94,427 | 2008 |
| Pinnacle II | 3300 West Olive Avenue, 91505 | 231,000 | 2005 |
| Media Studios North - Phase IV | 3333 West Empire Avenue, 91504 | 200,095 | 2005 |
Worth noting among recent office completions on the Burbank market is 3051-3055 N Hollywood Way, which is currently the largest new office development in the city, at 18,750 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Burbank commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.