Pasadena Civic Center District Industrial

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Pasadena Civic Center District

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
500
As of: December 3, 2016

Pasadena Civic Center District Rates

Most listings are in the $70's per square foot per year. The Pasadena Civic Center District region is going through a an increase in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 48% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Pasadena Civic Center District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Pasadena Civic Center District Listing Supply

In the last 90 days, 10 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the listings in the Pasadena Civic Center District 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 500 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this region were built in 1928 and are Class C.

Pasadena Civic Center District Community

A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Pasadena Civic Center District folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Pasadena Civic Center District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pasadena Civic Center District.
Research