Market Rate Documentation

Burbank Meeting Space Analysis

Fair market value comparison for home office business use

Purpose of This Analysis

To establish a fair and honest comparison of what it would cost to host this team meeting at an outside venue versus our home.

This market research documents comparable rates for an 8-person full-day meeting with private space, outdoor access, and food service in Burbank.

Local Venue Options

Regus Burbank Media District

Coworking / Conference Room

$400–$600

Private: Yes

Outdoor: Limited

Food: Add-on catering

Hilton Garden Inn Burbank Downtown

Business Hotel

$400–$700

Private: Yes

Outdoor: Yes

Food: Hotel catering

Cambria Hotel Burbank Airport

Modern Business Hotel

$600–$700

Private: Yes

Outdoor: Yes

Food: Hotel catering packages

Los Angeles Marriott Burbank Airport

Full-Service Conference Hotel

$500–$700

Private: Yes

Outdoor: Some

Food: Full-day meeting package

Castaway Burbank

Upscale Event Venue

$1,500–$2,000

Private: Yes

Outdoor: Yes

Food: All-day meeting package

Market Rate Summary

Budget Tier (Regus, Hilton)$400–$700
Mid-Range (Cambria, Marriott)$500–$700
Median-to-Luxury Range$700–$1,000
Premium Exclusive (Castaway)$1,500–$2,000

Full market range: $400–$2,000 depending on amenities, exclusivity, and service level.

Fair Market Rate

Home venue rate based on comparable market research

Our home provides:

  • ✓Luxury-level accommodations
  • ✓Guaranteed exclusivity (no shared spaces)
  • ✓Full outdoor access (yard/patio)
  • ✓Full kitchen for food prep & catering
  • ✓Private, comfortable environment

Documented Rate: $800–$1,000

Median-to-luxury range based on Burbank market comparables