Downtown Pasadena Retail Space

Downtown Pasadena

Market Report

Number of Listings
Posted in the last 90 days
45
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
2,590

Downtown Pasadena Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Pasadena region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Pasadena Listing Supply

In the last 90 days, 476 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Pasadena are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,590 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1967 and are Class A.

Downtown Pasadena Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Pasadena occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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