Far East Pasadena Office Space

Far East Pasadena

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
640
As of: June 23, 2017

Far East Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Far East Pasadena region is going through a a rise in rates. In the last 3 months, the median rate increased $47 per sqft per year.

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 submarket.

Far East Pasadena Listing Supply

In the last 90 days, 11 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 136% of the office spaces in the Far East 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 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.

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