On average, listings lease in the $40's per square foot per year. The Old Pasadena submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $49 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the Old Pasadena are subleases, so you might be able to snag a great spot on a short term. 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 7,770 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. 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 market. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.