The typical asking rate per listing is in the $40's per square foot per year. The Southeast Pasadena submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. About 47% of the available space in the Southeast Pasadena 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,460 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1967 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 region. Commute by car is the most popular way to get to work amongst Southeast Pasadena residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.