the sign of a Profitable Property

Market Report: Burbank


Chandler Park, Magnolia Park, McNeil, Media Center, Northwest District, Rancho Adjacent, and Vega.

Rent Rate

Leasing Activity SF

Vacant Available SF


  • Q2 - 2021
  • Q2 - 2022
  • Q2 - 2023

Leasing Market Overview


In the Burbank retail submarket, there is currently a vacancy rate of 7.9%, which has gone up by 2.3% in the last year. Over the same period, there has been a reduction in occupied retail space by 200,000 square feet, and no new retail spaces have been added.

Among the different types of retail spaces within this submarket, General Retail is the largest subtype, comprising 5.0 million square feet.

The average rent in this submarket is approximately $41.00 per square foot, showing a 0.9% increase compared to a year ago. Over the past three years, rents have seen a cumulative growth of 5.7%.


No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Apr-23 May-23 3116-3118 W. Magnolia Blvd 774 4.25 14 Commercial Asset Group
2 May-23 Jun-23 325 N. First St 2,185 4.00 14 Avison Young
3 May-23 May-23 400-406 S. Glenoaks Blvd 735 2.86 5 Stevenson Real Estate Services
4 May-23 Jun-23 361 E. Magnolia Blvd 500 3.00 7 Commercial Asset Group
5 Jun-23 Jul-23 2707 W. Burbank Blvd 1,050 3.65 1 Spectrum Commercial Real Estate
6 Jun-23 Jul-23 2019-2021 W. Magnolia Blvd 1,565 2.55 3 Avison Young


Successful Tenants

Meet Gary Kasden, the owner of 6300 Sepulveda Blvd in Van Nuys, CA. Gary’s success story serves as an excellent example of how a tenant can positively impact not only the leased property but also the surrounding properties. As an owner and investor of over a dozen properties across the U.S., Gary is fully dedicated to overseeing his properties and actively involved in every step, ranging from selecting the right tenant to property maintenance and updates.