On average, listings lease in the $70's per square foot per year. The Pasadena Civic Center District submarket is going through a an increase in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 48% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Pasadena Civic Center District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available leases in the Pasadena Civic Center District 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 500 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1928 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Pasadena Civic Center District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.