On average, listings lease in the $40'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 $7 per sqft per year. That's a 18% 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 make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,330 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this region were built in 1928 and are Class B.
A large portion of this area 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.