Pasadena Retail

Pasadena

Office Space Market Report

Number of Listings (last 90 days)
130
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,420
As of: December 5, 2016

Pasadena Office & Commercial Space

Located in Los Angeles County in the state of California, the city of Pasadena features a residential population of nearly 140,000 inhabitants. The ninth-largest city in Los Angeles County, Pasadena provides residents with a vast array of both business-related and cultural amenities. Business owners seeking rental properties for lease in Pasadena, including office space for rent and commercial space for rent, may find that this particular city will prove to an excellent location in which to launch a new business enterprise or to transfer a pre-existing establishment. The numerous neighborhood zones found throughout Pasadena currently host businesses of a wide array of sizes and interests.

Pasadena Economic Overview

The median household income levels of Pasadena are approximately $65,000, only slightly above state averages. Because of this, the residents of this community are commonly classified within a middle class / lower-middle class income demographic. Some of the more popular industries in which the residents of Pasadena are employed include the professional, scientific and technical services, education, healthcare, and finance. The California Institute of Technology, one of the nation’s most prestigious universities, is one of the larger employers in the city. A wide variety of additional higher education institutions are also found in the city. According to recent studies, nearly 13% of the local population in Pasadena currently lives below the poverty line.

Pasadena At A Glance

The growth of Pasadena was largely linked to the development of the Atchison, Topeka and Santa Fe Railway in the closing years of the 19th century. Following the close of the Second World War, the city received a large influx of migrants from the southern regions of the country. Beginning in the second half of the 20th century, Pasadena began to evolve dramatically, and numerous institutions, including the American Academy of Dramatic Arts and NASA’s Jet Propulsion Laboratory, among others, were established here. The population of Pasadena is predominantly Caucasian, although a significant number of additional ethnic groups can also be found here.

Where to Lease in Pasadena

The vast majority of Pasadena’s commercial enterprises are located in the downtown region of the city, although business owners who may be interested in more affordable properties will likely be able to find suitable locations in less centrally-located areas of the community. Those interested in establishing non retail-based businesses will likely be able to find flexible leasing spaces on the outskirts of the city.

Market Report

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

Market Data

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