Burbank Commercial Properties
Burbank’s economic future is soundly grounded in its entertainment and media industry. Currently, Disney Studios, ABC, NBC, Warner Bros., Nickelodeon, Cartoon Network and many more media-related companies call Burbank home. These companies have attracted 700 other media-related companies, like special effects, digital houses, production and post-production studios. The long-term financial stability created by the media industry has also brought additional employment sectors including financial, retail, education, information technology and much more. Commercial property is a hot commodity in Burbank, as the city continues to build on its financial successes.
Burbank’s growing economy is supported by a population of 103,000 residents in the city and 460,000 within a 5-mile radius. Of this population, over 44 percent of the residents have a graduate or professional degree, providing Burbank with a highly-educated workforce. This workforce has access to the adjacent Glendale, Hollywood and other areas via Metrolink commuter trains and to other areas with the close proximity of the Bob Hope Airport, the Golden State and Ventura freeways and other transportation options.
Burbank maintains high fiber-strand optic services, including “dark” fiber optics for commercial use. Another key to the city’s communication objectives is Downtown Burbank’s free Wi-Fi service, which is available in many public facilities and parks. Complimented by low business tax and no city income tax or gross receipts tax, establishing or relocating your company to Burbank is becoming an increasingly attractive option.
As Burbank continues to grow, so will the demand for commercial property for companies who are recognizing that Burbank is the perfect place to do business. Currently, commercial properties are available in Burbank with price ranges between $550,000 to $125 million, giving those seeking commercial property a wide variety of options to choose from.