Commercial Real Estate in Burbank , CA
Burbank is located in the San Fernando Valley region of Los Angeles County, California. It is home to a diverse range of commercial real estate opportunities, including office, retail, industrial, and entertainment properties.
One of the leading commercial areas in Burbank is the Media District, which is home to major entertainment companies like Walt Disney Studios, Warner Bros. Studios, and NBC Universal. This area includes office buildings, sound stages, post-production facilities, and other entertainment-related properties.
Burbank offers a variety of commercial real estate opportunities to businesses in different industries, making it a popular location for companies looking to establish a presence in the Los Angeles area.
Developers and investors have to keep in mind that land is scarce here. Not much transaction activity here in Burbank . In 2023 only 15 properties traded here in Burbank. One of the enticing factors that drive businesses here is proximity to Studios, Burbank Airport/hotels, and the fact that Burbank does not have a gross receipt sales tax. Burbank is also close to major highways like the 5 & 134 providing convenient access to other parts of Los Angeles.
Real Estate Market
Sales data from the past 12 months:
Avg. Vacancy at Sale: 4.3%
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.
Sales and Leasing
Market Average Rents:2.25 Per Square Foot
Market Average Sales:427 Per Square Foot
Vacancy Rate: 2.1%
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 on 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 commercial/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 huge role in Burbank’s economic growth bringing thousands of jobs in the area and stimulating local businesses.
My grandfather’s fast food restaurant “Mr. Big” located on San Fernando Rd in Burbank, had the pleasure of serving many of their employees back in the day. However Their historical use of hazardous chemicals in their manufacturing efforts lead to the contamination of subsurface soil. These hazardous substances categorized as VOC (volatile organic compounds) also found their way into the groundwater.
Top Businesses In Burbank, CA
Commercial Property Listings in Burbank, CA
Realtor® 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.