Most listings are in the $40's per square foot per year. The Southeast Pasadena region is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 26 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Southeast Pasadena are subleases, so you will probably have to consider a longer term lease. 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 1,470 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southeast Pasadena residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.