The blank space is on the outside of the disc. If you look closely at an already-burned CD-R (or DVD-R) that’s not completely full, you can see a line where the burn stopped. The spiral track around the disc onto which data is written is 0.5 microns wide.
Factory-made CDs aren’t burned. That’d be much too slow for mass production.
They’re mechanically pressed in a mold, much like vinyl LPs were. One smoosh and the entire CD is done. Then a protective outer layer is put over the pressed dents and the whole thing heated to fuse the cover onto the substrate.
Sorry, not quite. The polycarbonate substrates are molded as you describe, the data layer is metallized with a thin layer of (usually) aluminum - about 50-70 nanometers thick, then the metallized data layer is spin-coated with a layer of liquid UV-curable resin called lacquer - about 5-12 microns thick. The disc is exposed to very high energy radiation for 1-2 seconds and the lacquer is cured.