On average, listings lease in the $40's per square foot per year. The Old Pasadena region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 700 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1913 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 area. Commute by public transit is the most popular way to get to work amongst Old Pasadena occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.