Downtown Pasadena Sublease

Downtown Pasadena

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Downtown Pasadena Rates

On average, listings lease in the $30's per square foot per year. The Downtown Pasadena region is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 18% decrease in rent.

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

Downtown Pasadena Listing Supply

In the last 90 days, 58 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Downtown Pasadena are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,570 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1970 and are Class A.

Downtown Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Pasadena residents. Commuting around 15 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 Downtown Pasadena.
Market Report

Market Data

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