Old Pasadena Sublease

Old Pasadena

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
7,770
As of: July 24, 2017

Old Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Old Pasadena region 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 5% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Old Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Old Pasadena Listing Supply

In the last 90 days, 13 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available leases in the Old 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1913 and are Class C.

Old Pasadena Community

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 region. Commute by public transit is the most popular way to get to work amongst Old Pasadena residents. Commuting close to 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 Old Pasadena.
Market Report

Market Data

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