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)
1,700
As of: June 27, 2017

South Pasadena Rates

On average, listings lease in the $30's per square foot per year. The South Pasadena region is going through a an increase in rates. In the last 3 months, the median rate went up $39 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena region has more expensive rates, and you'll need to make a great offer to be in this hot region.

South Pasadena Listing Supply

In the last 90 days, 3 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 233% of the office spaces in the South Pasadena are subleases, so you might be able to snag a great spot on a short term. 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 1,700 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1950 and are Class B.

South Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the occupants of South Pasadena work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

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