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


  • Q4 - 2021
  • Q4 - 2022
  • Q4 - 2023

Leasing Market Overview


In the Burbank retail submarket, the vacancy rate has risen to 6.8%, marking a 0.7% increase in the past 12 months. During this period, there has been a negative absorption of 61,000 SF, and no net deliveries have occurred. General Retail stands out as the largest subtype within this submarket, encompassing 5.1 million SF.

Rental rates hover around $3.42/SF, indicating a 0.7% uptick from the previous year. Over the past three years, there has been a cumulative 7.1% increase in rents.


No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Dec-23 Jan-24 912-914 S Victory Blvd 1,200 2.75 4 Peltar Corporation
2 Dec-23 Jan-24 3619 W Magnolia Blvd 1,665 3.75 7 Stevenson Real Estate Services
3 Dec-23 Jan-24 2575 N Hollywood Way 1,170 5.00 28 Kennedy-Wilson Properties, Ltd.
4 Nov-23 Dec-23 2128 N Glenoaks Blvd 1,000 3.76 8 Compass Commercial
5 Nov-23 Dec-23 1617 Magnolia Blvd 2,100 3.00 4 Avison Young
6 Nov-23 Dec-23 1121 N San Fernando Blvd 975 3.50 4 illi Commercial Real Estate
7 Nov-23 Dec-23 1700 W Glenoaks Blvd 1,032 3.00 1 DPI-Diversified Property Investments
8 Oct-23 Nov-23 130-140 N San Fernando Blvd 1,120 6.50 5 Kennedy-Wilson Properties, Ltd.
9 Oct-23 Nov-23 147-153 N San Fernando   Blvd 2,750 6.50 5 Kennedy-Wilson Properties, Ltd.
10 Oct-23 Nov-23 2101 W Magnolia   Blvd 2,504 2.25 14 Locker Realty Corp


Successful Client

illi Commercial Real Estate sits down with passionate restauranteur, Cesar Garcia, to discuss his new location for Papa Juan’s Baja Grill.

Papa Juan’s Baja Grill is a restaurant that has been delighting customers with its delicious, homemade recipes inspired by Baja cuisine. With 14 years of experience in the industry, the owner’s passion for food and dedication to customer service shines through.

Learn about his journey from cooking for friends and family to opening a food truck and brick-and-mortar location. Don’t miss the exciting news about the upcoming Northridge location and the owner’s other restaurant concepts.