Southeast Pasadena Sublease

Southeast Pasadena

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,650
As of: December 8, 2016

Southeast Pasadena Rates

Most listings are in the $40's per square foot per year. The Southeast Pasadena region is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 13% decrease in rent.

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

Southeast Pasadena Listing Supply

In the last 90 days, 22 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Southeast Pasadena are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,650 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1961 and are Class B.

Southeast Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southeast Pasadena occupants. Commuting close to 30 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 Southeast Pasadena.
Market Report

Market Data

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