Downtown Pasadena Office Space

Downtown Pasadena

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
3,320
As of: July 23, 2017

Downtown Pasadena Rates

On average, listings lease in the $40's per square foot per year. The Downtown Pasadena region is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Downtown Pasadena submarket 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, 44 listings have come on the market, so you'll want to check back regularly for new listings. About 105% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,320 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 floors. 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 residents. 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