The typical asking rate per listing is in the $40's per square foot per year. The Old Pasadena region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new availabilities 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 700 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1913 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Old Pasadena occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.