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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	$2.00 / SF	< 30
Bel Air	1,500	$1.95 / SF	< 30
Beverly Hills	2,000	$5.49 / SF	210
Brentwood	2,300	$3.90 / SF	137
Burbank	2,300	$3.90 / SF	137
Canoga Park	1,600	$1.96 / SF	99
Carson	1,000	$3.00 / SF	< 30
Central LA	2,000	$3.44 / SF	1,318
Century City	3,600	$6.63 / SF	37
Cerritos	1,700	$2.03 / SF	49
Chatsworth	1,000	$2.41 / SF	< 30
Chinatown	1,400	$2.70 / SF	31
Compton	1,000	$2.00 / SF	< 30
Culver City	1,600	$3.73 / SF	45
Downey	1,600	$2.61 / SF	34
Downtown LA	2,300	$3.14 / SF	656
East LA	1,600	$1.96 / SF	36
El Segundo	2,200	$4.26 / SF	33
Encino	2,100	$2.61 / SF	104
Fashion District	1,400	$2.41 / SF	234
Gardena	1,400	$2.98 / SF	< 30
Glendale	2,500	$2.85 / SF	39
Granada Hills	1,000	$2.43 / SF	< 30
Hawthorne	1,500	$2.77 / SF	< 30
Hermosa Beach	1,700	$3.60 / SF	< 30
Hollywood	1,600	$4.20 / SF	186
Huntington Park	1,600	$2.23 / SF	< 30
Inglewood	1,600	$3.00 / SF	64
Ladera Heights	1,400	$2.92 / SF	< 30
Lakewood	1,300	$1.85 / SF	72
Little Armenia	1,200	$3.33 / SF	39
Long Beach	1,500	$2.30 / SF	238
Manhattan Beach	2,300	$4.38 / SF	< 30
Mar Vista	1,600	$3.65 / SF	< 30
Marina Del Rey	1,600	$3.37 / SF	< 30
Mid City	1,500	$2.93 / SF	104
North Hollywood	1,700	$2.93 / SF	39
Northridge	1,400	$2.28 / SF	42
Pasadena	1,700	$2.67 / SF	108
Playa Vista	1,700	$3.47 / SF	< 30
Rancho Palos Verdes	1,700	$2.43 / SF	56
Redondo Beach	1,300	$2.77 / SF	< 30
Reseda	1,200	$2.57 / SF	40
San Fernando Valley	1,600	$2.47 / SF	427
San Gabriel	1,300	$2.50 / SF	< 30
Santa Monica	2,300	$4.85 / SF	283
Sherman Oaks	1,800	$2.83 / SF	133
South Gate	1,400	$2.03 / SF	37
South LA	1,200	$2.55 / SF	168
Studio City	1,500	$3.08 / SF	63
Sun Valley	1,500	$3.08 / SF	63
Toluca Lake	1,700	$4.06 / SF	< 30
Torrance	1,400	$2.96 / SF	79
Universal City	2,100	$2.95 / SF	< 30
Van Nuys	1,400	$2.28 / SF	31
Venice	1,600	$4.69 / SF	30
West Hollywood	2,000	$4.20 / SF	94
Westchester	1,600	$2.50 / SF	48
Westwood	2,600	$5.58 / SF	218
Woodland Hills	1,800	$1.96 / SF	88

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