Most listings are in the $30's per square foot per year. The Downtown Pasadena region is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the Downtown Pasadena 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 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 1,540 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1970 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 occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.