Old Pasadena Retail

Old Pasadena

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,110

Old Pasadena Rates

On average, listings lease in the $40's per square foot per year. The Old Pasadena submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 16% decline in rent.

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

Old Pasadena Listing Supply

In the last 90 days, 80 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available leases in the Old Pasadena are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,110 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1913 and are Class C.

Old Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. Commuting close to 15 minutes 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 Old Pasadena.
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