Most listings are in the $40's per square foot per year. The West Pasadena submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Pasadena region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst West Pasadena residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.