Old Pasadena Office Space

Old Pasadena

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Old Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Old Pasadena submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

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

Old Pasadena Listing Supply

In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Old Pasadena are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1913 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 occupants. Commuting around 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.