Northwest Pasadena Retail

Northwest Pasadena

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,760
As of: August 16, 2017

Northwest Pasadena Rates

Most listings are in the $30's per square foot per year. The Northwest Pasadena region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

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

Northwest Pasadena Listing Supply

In the last 90 days, 6 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 83% of the office spaces in the Northwest 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,760 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1988 and are Class B.

Northwest Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Northwest Pasadena residents. Commuting between 30 and 45 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 Northwest Pasadena.
Market Report

Market Data

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