The typical asking rate per listing is in the $50's per square foot per year. The Pasadena Civic Center District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Pasadena Civic Center District region has higher 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 might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 1,000% of the office spaces in the Pasadena Civic Center District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 6 floors. Most buildings in this market were built in 1928 and are Class C.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Pasadena Civic Center District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.