Far East Pasadena Office Space

Far East Pasadena

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
10,250

Far East Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Far East Pasadena region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Far East Pasadena region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Far East Pasadena Listing Supply

In the last 90 days, 71 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Far East Pasadena are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 10,250 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1966 and are Class B.

Far East Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Far East Pasadena occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Far East Pasadena.
Research