South Lake Office Space

527 S Lake Ave - Space South Lake, Pasadena, CA  
Aug 09
2,460
sqft
Office
44 S Mentor Ave - Space South Lake, Pasadena, CA  
Aug 09
4,700
sqft
Office

South Lake

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
2,460

South Lake Rates

On average, listings lease in the $50's per square foot per year. The South Lake region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Lake submarket has higher rates, and you'll need to pay a premium to be in this hot region.

South Lake Listing Supply

In the last 90 days, 187 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the South Lake are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,460 sqft. Most buildings in this region are around 4 floors. Most buildings in this area were built in 1961 and are Class B.

South Lake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst South Lake folk. 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 South Lake.
Research