Bisnow/Allen Matkins - San Fernando Valley - Cathy Scullin, NAI Capital

NAI Capital SVP Cathy Scullin once received a call from someone who needed to lease space in Burbank for two hours. Nowadays, the quality of client is markedly improved. At the same time, she says communities north of the Ventura Boulevard corridor—Van Nuys, Northridge, North Hollywood, Granada Hills—are still lagging. Noting Disney vacated nearly 500k SF in Burbank, she expects to see the now-historic vacancy level draw tenants there. She also points to a plethora of exciting young bars and Westside-style restaurants in Studio City. Despite the high vacancy in Burbank, Cathy notes the profile of available space is primarily 1980s vintage. You have a market that craves creative space, she says.