Burbank, CA
Commercial Real Estate in Burbank , CA
Burbank, located in the San Fernando Valley region of Los Angeles County, California, is home to a diverse range of commercial real estate opportunities, including office, retail, industrial, and entertainment properties.
At the heart of Burbank’s commercial vitality is the Media District, a prestigious area that hosts giants of the entertainment industry such as Walt Disney Studios, Warner Bros. Studios, and NBC Universal. This district is a bustling center of creativity, featuring office complexes, sound stages, post-production facilities, and various properties dedicated to entertainment.
Burbank’s strategic location and rich assortment of commercial real estate options make it an attractive destination for businesses across various sectors aiming to establish or expand their presence in the Los Angeles region.
Developers and investors have to keep in mind that land is scarce here. In 2023, only 15 properties exchanged hands, highlighting the competitive nature of the market. Yet, the allure of Burbank remains strong, driven by its proximity to major entertainment studios, Burbank Airport and hotels, and absence of a gross receipt sales tax. Additionally, its location near key highways such as the 5 and 134 offers convenient access to broader Los Angeles, further enhancing its appeal to businesses and investors alike.
Developments
In 2021, Overton Moore Properties completed construction of the 1.5 million-SF Avion Burbank center, which includes 1 million SF of industrial space. Amazon leased most of the industrial buildings during construction.
Real Estate Market
Dynamic and growing commercial real estate market with diverse listings for land, industrial, or other commercial space.
Sales and Leasing
Market average rent: $2.25 per SF.
Market average sale: 427 per SF.
Vacancy rate: 2.1%
Zoning Information
Zoning districts: Burbank is divided into different zoning districts, each with its own regulations.
Conditional use permits: Some businesses may require a conditional use permit in order to operate in Burbank.
Land Information
With its diverse industries spanning media, technology, healthcare, and aerospace, Burbank offers a stable economic foundation and opportunities for cross-industry partnerships.
Accessible transportation networks and business-friendly support from the local government enhance the city's appeal, facilitating efficient logistics and providing incentives for economic development.
MIGcres City Insights
One of MIG’s first transactions was at 3321 Burton Ave., Burbank, CA. This property was perpendicular to the Burbank airport, and we had a lot of activity on this deal.
Once we opened escrow, we immediately requested to do a phase 1 environmental report. We found out the soil was contaminated. The environmental company advised that most of Burbank's commercial and industrial properties were contaminated due to Lockheed Corporation.
Lockheed Corporation, which used to be located at 2627 North Hollywood Way, was an aerospace and defense contractor known for aircraft and parts manufacturing. Lockheed played a big role in Burbank’s economic growth, bringing thousands of jobs to the area and stimulating local businesses.
Top Businesses In Burbank, CA
Commercial Property Listings in Burbank, CA
Price
$21,900/Month
Status
For Lease
Type
Industrial
Building Size
7,334
Zoning
M2
Lot Size
20,700 SF
Use Code
General Industrial
Price
$5,324/month
Status
Leased
Type
Commercial
Building Size
2,730 SF
Zoning
BCC-3
Use Code
Office Building
Price
$1,940/month
Status
Leased
Type
Commercial
Building Size
673 SF
Zoning
C2
Use Code
Office Building
Price
$5,250/month
Status
Leased
Type
Commercial
Building Size
2,400 SF
Zoning
BCC-3
Use Code
Commercial
Price
$5,800
Status
Leased
Type
Industrial
Building Size
8,022 SF
Zoning
BCCM
Lot Size
17,164 SF
Use Code
Manufacturing (light)
Price
$5,750/Month ($1.55/SF)
Status
Leased
Type
Industrial
Building Size
3,702 SF
Zoning
M2
Lot Size
6,118 SF
Use Code
Manufacturing (light)
Price
$3,500/Month ($2.19/SF)
Status
Leased
Type
Industrial
Building Size
1,600 SF
Zoning
M2
Lot Size
7,968 SF
Use Code
Manufacturing (light)
Alex Matevosian
Broker DRE 02047572 / 02211621
If you’re considering listing your commercial property in Burbank, CA or perhaps you’re thinking of selling or even leasing the space; consider contacting my team. We’re really looking forward to working with you.
