Most listings are in the $30's per square foot per year. The Altadena submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Altadena region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 33,990 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Altadena occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.