Most listings are in the $40's per square foot per year. The Old Pasadena region is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 23% of the office spaces in the Old 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,770 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region 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 area. Commute by public transit is the most popular way to get to work amongst Old Pasadena folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.