The typical asking rate per listing is in the $40's per square foot per year. The Downtown Pasadena region is going through a a boost in rates. In the last 3 months, the median rate increased $49 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. About 136% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1968 and are Class A.
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 folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.