On average, listings lease in the $40's per square foot per year. The Southeast Pasadena region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 304 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Southeast Pasadena are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,980 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Southeast Pasadena residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Southeast Pasadena.
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