On average, listings lease in the $40's per square foot per year. The Southeast Pasadena region is seeing a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 47 listings have been listed, so you'll want to check back regularly for new listings. About 49% of the available space in the Southeast 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,460 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1971 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 region. Commute by car is the most popular way to get to work amongst Southeast Pasadena folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.