Most listings are in the $30's per square foot per year. The Southeast Pasadena region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Southeast Pasadena are subleases, so you will probably have to focus your search on direct office leases. 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 1,650 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southeast Pasadena occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.