Old Pasadena Office Space

Old Pasadena

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
1,720
As of: February 22, 2017

Old Pasadena Rates

On average, listings lease in the $40's per square foot per year. The Old Pasadena submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Old Pasadena Listing Supply

In the last 90 days, 13 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the Old 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,720 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1923 and are Class C.

Old Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. Commuting approximately 15 minutes 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 Old Pasadena.
Market Report

Market Data

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