The typical asking rate per listing is in the $50's per square foot per year. The Pasadena Civic Center District region is seeing a a boost in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Pasadena Civic Center District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 1,000% of the available space in the Pasadena Civic Center District 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this region were built in 1928 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Pasadena Civic Center District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.