The Los Angeles retail market has recently seen challenges in the form of rising vacancy and rental rates, coupled with lower construction deliveries across the county in the fourth quarter of 2023. One property that may test the current market conditions is a 5,580 square foot retail space offered for sale for $12.75 million, or approximately $2,285 per square foot. The retail asset is located on 0.13 acres of land in the heart of Old Pasadena at 46 W Colorado Blvd.
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