On average, listings lease in the $30's per square foot per year. The Altadena region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Altadena submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been listed, which means listings most likley are leasing quickly. 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 33,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Altadena occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.