The typical asking rate per listing is in the $40's per square foot per year. The Southeast Pasadena submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 9% increase 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 region.
In the last 90 days, 35 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,660 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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 market. 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.