The typical asking rate per listing is in the $40's per square foot per year. The Downtown Pasadena submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 476 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available space in the Downtown Pasadena are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,110 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Pasadena residents. Commuting close to 15 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 Downtown Pasadena.
Get email notifications when new listings are posted that match your requirements.