The typical asking rate per listing is in the $40's per square foot per year. The Southeast Pasadena region is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 33 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Southeast Pasadena are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,470 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1967 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 residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.