The typical asking rate per listing is in the $30's per square foot per year. The West Pasadena submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Pasadena region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been made available, which means office spaces might be 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.
Even though the median size is 3,620 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst West Pasadena folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.