Downtown Pasadena Office Space

Downtown Pasadena

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,780
As of: February 24, 2017

Downtown Pasadena Rates

On average, listings lease in the $30's per square foot per year. The Downtown Pasadena submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Pasadena Listing Supply

In the last 90 days, 39 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Downtown Pasadena are subleases, so you might be able to find a shorter term or below market rent. 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 1,780 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 1968 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 region. Commute by car is the most popular way to get to work amongst Downtown Pasadena folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Pasadena.
Market Report

Market Data

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