South Pasadena Office Space

South Pasadena

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
1,070
As of: December 4, 2016

South Pasadena Rates

Most listings are in the $30's per square foot per year. The South Pasadena submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Pasadena Listing Supply

In the last 90 days, 8 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,070 sqft. Most properties in this area 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 area. Most of the occupants of South Pasadena work from home. Commuting approximately 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