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: March 12, 2017

Old Pasadena Rates

Most listings are in the $40's per square foot per year. The Old Pasadena submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $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 higher rates, and you'll need to make a great offer to be in this hot region.

Old Pasadena Listing Supply

In the last 90 days, 13 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the office spaces in the Old Pasadena are subleases, so you might be able to snag a great spot on a short term. 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 1,720 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market 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 region. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. 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.
Research