On average, listings lease in the $30's per square foot per year. The West Pasadena region is experiencing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Pasadena submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,620 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst West Pasadena residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.