Far East Pasadena Retail

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

On average, listings lease in the $40's per square foot per year. The Far East Pasadena submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Far East Pasadena submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Far East Pasadena Listing Supply

In the last 90 days, 71 listings have been listed, 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 focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 10,250 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market 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 region. Commute by motorcycle is the most popular way to get to work amongst Far East Pasadena 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 Far East Pasadena.
Research