Southeast Pasadena Retail

Southeast Pasadena

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
1,560
As of: February 26, 2017

Southeast Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Southeast Pasadena submarket is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 12% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Southeast Pasadena region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Southeast Pasadena Listing Supply

In the last 90 days, 32 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Southeast Pasadena are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,470 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1967 and are Class B.

Southeast Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Southeast Pasadena occupants. 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 Southeast Pasadena.
Market Report

Market Data

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