Burbank Office Market Trends

Office Rental Market

  • $42.12 2019 Avg. Asking Rent
  • 8.27 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 942,250 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Burbank was $42.12 per square foot, and the office vacancy rate across the market averaged 8.27 %. During 2019, developers added 0 square feet of new office space to the Burbank market inventory. Office developments estimated for delivery during 2020 total 942,250 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Burbank Class A Office Buildings$43.33
  • Burbank Class B Office Buildings$37.52
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Burbank, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Burbank, CA

  • Burbank, CA Total Sqft completed in 2019 0
  • Burbank, CA Total Sqft under construction in 2020 942,250
10 Largest Office Buildings in Burbank
Building name Address Total Sqft Year built
The Tower 3900 West Alameda Avenue, 91505 489,120 1989
The Pointe 2900 West Alameda Avenue, 91505 480,645 2008
Studio Plaza 3400 West Riverside Drive, 91505 456,205 1988
3800 Alameda 3800 West Alameda Avenue, 91505 422,949 1984
ABC Riverside Building 2300 West Riverside Drive, 91505 396,000 2001
Pinnacle I 3400 West Olive Avenue, 91505 393,776 2001
2300 West Empire Avenue 2300 West Empire Avenue, 91504 351,300 2009
Warner Bros. Bridge Building 4000 Warner Blvd, 91522 270,000 1994
Central Park at Toluca Lake 3500 West Olive Avenue, 91505 252,978 1984
Pinnacle II 3300 West Olive Avenue, 91505 231,000 2005
Largest Office Properties Recently Completed in Burbank
Office building Address Sqft Completed
Avion Burbank - Office - Buildings 7, 8 & 9 3001 North Hollywood Way, 91505 39,500 2021
Avion Burbank - Office - Buildings 1 & 2 3001 North Hollywood Way, 91505 36,750 2021
Avion Burbank - Office - Buildings 5 & 6 3001 North Hollywood Way, 91505 33,000 2021
Avion Burbank - Office - Buildings 3 & 4 3001 North Hollywood Way, 91505 33,000 2021
2777 North Ontario Street 2777 North Ontario Street, 91504 128,600 2016
203 West Olive Avenue 203 West Olive Avenue, 91502 113,760 2016
2300 West Empire Avenue 2300 West Empire Avenue, 91504 351,300 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
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Burbank office market contains an inventory of 9,704,960 square feet of office space, in 106 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.