On average, listings lease in the $20's per square foot per year. The Northeast Pasadena submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northeast Pasadena submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Northeast 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northeast Pasadena residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.