Source: Buxton
Entertainment Capital & Studio Hub
With one of the highest concentrations of entertainment companies in the world, Burbank’s famed Media District combines world-class production studios with exciting dining options.
Business and
Economic Development
Media District
Demographics
-
185,854 10 MINUTE DRIVE-TIME
Residents
809,035 15 MINUTE DRIVE-TIME -
$92,934 10 MINUTE DRIVE-TIME
Average Household Income
$86,237 15 MINUTE DRIVE-TIME -
42.3% 10 MINUTE DRIVE-TIME
College Degree Or Higher
36.0% 15 MINUTE DRIVE-TIME -
84,970 10 MINUTE DRIVE-TIME
Number Of Households
319,212 15 MINUTE DRIVE-TIME -
38.5 10 MINUTE DRIVE-TIME
Median Age
37.9 15 MINUTE DRIVE-TIME
Psychographics
Striving Single Scene Young, career-driven, singles living in Midwest and Southern city centers. They are interested in sports and fitness, technology, and consider themselves foodies with an active social life.
Full Pockets, Empty Nests. Empty nesting, upper middle-class households with discretionary income living sophisticated lifestyles, in addition to being environmental advocates and fitness minded.
Metro Fusion Middle-aged, ethnically diverse, singles living urban active lifestyles in city apartments. Consumers make modest investments and are digitally dependent.
Urban Edge Younger, up-and-coming singles living big city lifestyles located within top CBSA markets. Consumers are ambitious, highly educated, urban dwellers that are environmental and exercise enthusiasts.
Source: Buxton & Experian Segmentation
Business Profile
-
103,631 10 MINUTE DRIVE-TIME
Daytime Workforce
416,192 15 MINUTE DRIVE-TIME -
14,833 WITHIN ONE MILE RADIUS
Number Of Businesses
48,151 WITHIN THREE MILE RADIUS
Source: The Nielsen Company, Buxton
Major Employers/Restaurants
- iHeart Media
- DC Comics
- Legendary Entertainment
- Providence St. Joseph Medical Center
- The Walt Disney Company
- Warner Bros. Studios
- Coffee Commissary
- Arnie Morton’s
- Simmzy’s
- Dog Haus
- Olive & Thyme
- WeWork Burbank
- Drybar
- Chick-fil-A - 2018
- Whole Foods Market - 2018
- Le Pain Quotidien - 2018
- Tocaya Organica - 2018
District Statistics
- Office Vacancy Rate 7.1%
Office Approx. Cost Per Square Foot $3.80/Sq. Ft. - A & B Office Vacancy Rate 6.2%
A & B Office Approx. Cost Per Square Foot $3.86/Sq. Ft. - Retail Vacancy Rate 1.2%
Retail Approx. Cost Per Square Foot $3.05/Sq. Ft.
Source: CoStar, As of Third Quarter, 2019.
Potential Development Opportunities
- Boutique Hotels
- Co-Working Office Spaces
- Entertainment/Tech Creative Spaces
- Urban Mixed Uses
- Mixed-use developments