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Renting Retail Space in Pasadena

Pasadena is an ideal combination of the region’s historical roots with a distinct eye towards the future. Few areas in Los Angeles can mix old and new into such a vibrant and appealing mix that attracts everything from well-established firms to innovative startups. Mission-style architecture sits alongside sleek, modern complexes to create an attractive dynamic that a variety of companies and industries gravitate towards.

Companies can expect to find significant traditional office and retail space, growing coworking facilities, and limited smaller warehouse inventory. Space in Pasadena typically ranges from 2,000 sq to 5,000 sq ft at average rents of $3.05/sq ft. The city’s many older, more historical buildings still have many long-term tenants typified by Pasadena’s several law firms and corporate tenants. Many established coworking brands already have a significant footprint within the marketplace and cater to the rapid growth of tech companies attracted to the city’s affordable and diverse inventory.

Tenants will also find ample parking on Lake and in structures along Colorado Blvd. Most of those structures are separate from the buildings they serve and offer 90 minutes of free parking. Several larger leases have been especially noteworthy in recent months including driverless car firm GM Cruise’s seven-year agreement for 47,000 sq ft of space near Rosemead and the 210 Freeway. Such growth equips the local economy with enough strength to absorb a progressive minimum wage that rises to $15/hr in 2020.

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Alhambra	1,000	$1.94 / SF	< 30
Bel Air	-	-	< 30
Beverly Hills	1,800	$4.39 / SF	279
Brentwood	2,000	$3.85 / SF	143
Burbank	2,000	$3.85 / SF	143
Canoga Park	1,800	$2.38 / SF	109
Carson	1,700	$2.92 / SF	< 30
Central LA	1,800	$3.34 / SF	1,684
Century City	3,600	$5.36 / SF	< 30
Cerritos	1,200	$1.76 / SF	66
Chatsworth	1,800	$3.26 / SF	< 30
Chinatown	1,300	$4.24 / SF	< 30
Compton	1,300	$2.62 / SF	< 30
Culver City	2,200	$5.70 / SF	60
Downey	1,400	$1.52 / SF	< 30
Downtown LA	2,200	$3.31 / SF	676
East LA	1,600	$1.65 / SF	< 30
El Segundo	1,800	$4.07 / SF	34
Encino	2,300	$2.90 / SF	106
Fashion District	1,000	$2.25 / SF	284
Gardena	1,200	$1.79 / SF	< 30
Glendale	1,600	$3.10 / SF	82
Granada Hills	1,000	$2.10 / SF	< 30
Hawthorne	1,800	$3.36 / SF	32
Hermosa Beach	1,600	$3.23 / SF	< 30
Hollywood	1,600	$4.95 / SF	310
Huntington Park	1,100	$1.81 / SF	37
Inglewood	1,900	$2.29 / SF	74
Ladera Heights	1,200	$2.56 / SF	< 30
Lakewood	1,200	$1.75 / SF	95
Little Armenia	1,600	$5.67 / SF	95
Long Beach	1,800	$2.06 / SF	193
Manhattan Beach	1,700	$4.49 / SF	< 30
Mar Vista	1,600	$4.42 / SF	< 30
Marina Del Rey	700	$4.16 / SF	< 30
Mid City	1,500	$2.56 / SF	169
North Hollywood	2,000	$3.91 / SF	36
Northridge	1,200	$2.32 / SF	40
Pasadena	1,600	$2.65 / SF	129
Playa Vista	1,500	$6.85 / SF	< 30
Rancho Palos Verdes	1,700	$2.26 / SF	< 30
Redondo Beach	2,000	$3.56 / SF	< 30
Reseda	1,400	$2.32 / SF	35
San Fernando Valley	1,700	$2.71 / SF	447
San Gabriel	1,400	$1.95 / SF	< 30
Santa Monica	1,800	$4.22 / SF	338
Sherman Oaks	2,000	$2.95 / SF	123
South Gate	1,200	$1.73 / SF	50
South LA	900	$2.07 / SF	210
Studio City	1,900	$2.87 / SF	53
Sun Valley	1,900	$2.87 / SF	53
Toluca Lake	1,700	$3.96 / SF	< 30
Torrance	1,900	$2.76 / SF	91
Universal City	1,900	$2.98 / SF	< 30
Van Nuys	1,400	$2.47 / SF	49
Venice	1,200	$5.06 / SF	43
West Hollywood	1,700	$4.34 / SF	177
Westchester	1,500	$2.95 / SF	43
Westwood	2,200	$4.73 / SF	172
Woodland Hills	1,800	$2.38 / SF	116

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