Far East Pasadena Sublease

Far East Pasadena

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
5,020
As of: July 19, 2017

Far East Pasadena Rates

Most listings are in the $40's per square foot per year. The Far East Pasadena submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 4% increase in rent.

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

Far East Pasadena Listing Supply

In the last 90 days, 11 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 36% of the listings in the Far East 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.

Even though the median size is 5,020 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1966 and are Class B.

Far East Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Far East Pasadena occupants. Commuting more than an hour and a half 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 Far East Pasadena.
Market Report

Market Data

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