Most listings are in the $30's per square foot per year. The Old Pasadena submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Old 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 650 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1923 and are Class C.
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 market. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.