On average, listings lease in the $40's per square foot per year. The Far East Pasadena submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Far East Pasadena region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 36% of the available space in the Far East Pasadena are subleases, so you might be able to find a shorter term or below market rent. 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 5,020 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Far East Pasadena occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.