Far East Pasadena Office Space

Far East Pasadena

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,960
As of: December 3, 2016

Far East Pasadena Rates

Most listings are in the $30's per square foot per year. The Far East Pasadena region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Far East Pasadena submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Far East Pasadena Listing Supply

In the last 90 days, 5 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 2,960 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1966 and are Class B.

Far East Pasadena Community

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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Far East Pasadena.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Far East Pasadena.
Research