South Pasadena Office Space

South Pasadena

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
340
As of: May 22, 2017

South Pasadena Rates

On average, listings lease in the $30's per square foot per year. The South Pasadena submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 18% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena region has greater rates, and you'll need to pay a premium to be in this hot submarket.

South Pasadena Listing Supply

In the last 90 days, 3 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the South Pasadena are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 340 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1950 and are Class B.

South Pasadena Community

Market Report

Trends and status of the commercial real estate market in South Pasadena.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Pasadena.
Research

South Pasadena Submarkets