Downtown

Urban Lifestyle & People Watching

A mixed-use urban neighborhood featuring more than 600 shops, restaurants and businesses. The area is renowned for its dynamic street scene, outdoor dining, and pedestrian orientation. Shopping and dining destinations include IKEA, Urban Outfitters, H&M, Shake Shack, and Burbank Town Center. AMC movie screens consistently rank in the top three of cinema circuits nationwide.
www.DTNBUR.com

Demographics

  • Burbank, CA Airport District resident demographics

    2,306,499 10 MINUTE DRIVE-TIME

    Residents
  • Burbank, CA average household income

    $97,593 10 MINUTE DRIVE-TIME

    Average Household Income
  • Number of households in Burbank, CA Airport District

    860,555 10 MINUTE DRIVE-TIME

    Number Of Households
  • Burbank, CA median age

    39.5 10 MINUTE DRIVE-TIME

    Median Age

Source: Costar

Potential development opportunities in Burbank, CA

National Retailers/Restaurants

  • AMC 16 Movie Theaters
  • Wood Ranch
  • Yard House
  • Buffalo Wild Wings
  • Boiling Crab
  • Macy’s
  • Urban Outfitters
  • Gap Factory
  • Ashley Furniture
  • Vertigo Boulders
  • Cost Plus World Market
  • H & M
  • Carters
  • Orange Theory
  • Club Pilates
  • Spectrum Store
  • Finney's Crafthouse & Kitchen
  • Unique Vintage
  • It's Boba Time
Burbank, CA District statistics

District Statistics

  • Office Vacancy Rate 13.00%
    Office Approx. Cost Per Square Foot $3.27/Sq. Ft.
  • A & B Office Vacancy Rate 14.50%
    A & B Office Approx. Cost Per Square Foot $3.33/Sq. Ft.
  • Retail Vacancy Rate 18.80%*
    Retail Approx. Cost Per Square Foot $3.90/Sq. Ft.
    Source: CoStar, As of Second Quarter 2023.

*Downtown Burbank Retail Vacancy is currently reflected at a higher than normal rate to the relocation of IKEA and Burbank Town Center renovations.

Potential Development Opportunities

There are many exciting projects currently proposed or underway in Burbank! Highlighted below is a list of major development projects in Downtown Burbank. If you would like further information, please contact the Burbank Planning Division at 818.238.5250 or click here.
If you have inquiries regarding development opportunities, please contact us at 818.238.5180 or econdev@burbankca.gov.

Current Developments:

First Street Village (First Street and Magnolia Boulevard) - A mixed residential-commercial project in Downtown Burbank at First Street between Magnolia Boulevard and the alley southeast of Palm Avenue including 275 apartments and 18,876 square-feet of retail and commercial space.

LaTerra SELECT (777 Front St) - A mixed-use project with 573 residential (rental) units, a hotel with 307 rooms, and 1,067 sq. ft. of ground floor retail space on a vacant 7-acre site. The residential portion is proposed to be an 8-story podium building with one level of underground parking; hotel will be a 7-story building.

District Statistics

  • Office Vacancy Rate 2.90%
    Office Approx. Cost Per Square Foot $2.94/Sq. Ft.
  • A & B Office Vacancy Rate 1.50%
    A & B Office Approx. Cost Per Square Foot $3.01/Sq. Ft.
  • Retail Vacancy Rate 1.70%
    Retail Approx. Cost Per Square Foot $2.77/Sq. Ft.
    Source: CoStar, As of Second Quarter 2023. 

 

District Statistics

  • Office Vacancy Rate 9.60%
    Office Approx. Cost Per Square Foot $4.19/Sq. Ft.
  • A & B Office Vacancy Rate 6.60%
    A & B Office Approx. Cost Per Square Foot $4.04/Sq. Ft.
  • Retail Vacancy Rate 5.90%
    Retail Approx. Cost Per Square Foot $3.34/Sq. Ft.
    Source: CoStar, As of Second Quarter, 2023. 
Burbank, CA Airport District statistics

District Statistics

  • Office Vacancy Rate 22.10%
    Office Approx. Cost Per Square Foot $3.47/Sq. Ft.
  • A & B Office Vacancy Rate 26.40%
    A & B Office Approx. Cost Per Square Foot $3.50/Sq. Ft.
  • Retail Vacancy Rate 8.70%
    Retail Approx. Cost Per Square Foot $3.33/Sq. Ft.
  • Industrial Vacancy Rate 1.60%
    Industrial Approx. Cost Per Square Foot $2.16/Sq. Ft.
    Source: CoStar, As of Second Quarter, 2023.