What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Pasadena commercial real estate market incorporates 13,037,382 square feet of office space across 172 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Pasadena, the coworking segment of the commercial real estate market incorporates about 13,750 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Pasadena commercial real estate market includes 5,521,756 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Pasadena market, there is a total of 409,419 square feet of industrial property.

What types of commercial real estate are available in Pasadena, CA?

The largest share of commercial real estate space for lease in Pasadena is represented by Office space , which accounts for 1,752,659 square feet of available listings. Retail space available in Pasadena adds up to 502,506 square feet.

What factors affect the price of commercial real estate in Pasadena, CA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Pasadena, CA?

The average rent for commercial real estate space listed for lease in Pasadena is $38.97 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Pasadena can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Pasadena, CA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Pasadena, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Pasadena is in the Playhouse District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Playhouse District area . Meanwhile, retail space opportunities are most abundant in the Old Town Pasadena submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South Lake . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $51 per square foot. In particular, the property type commanding the highest lease rates in Pasadena was Retail space. Conversely, the highest sale price last year was $59,000,000 that is located at 123 South Marengo Avenue.

What is the average size of a commercial property in Pasadena, CA?

The average size of a commercial property in Pasadena depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Pasadena, the average size of an office property is 85,212 square feet. Retail properties here incorporate an average of 73,623 square feet. Industrial space in Pasadena is in buildings that are, on average 34,118 square feet in size.

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289 Commercial Real Estate Listings in Pasadena, CA

CRE Market Stats

350 West Colorado Blvd

350 West Colorado Blvd, Old Town Pasadena, Pasadena, CA
For Lease

Contact for pricing
Property

Office

89,033 SF
Availability

3 Spaces

6,157 SF
Year Built

1984
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Western Asset Plaza

385 East Colorado Blvd, Playhouse District, Pasadena, CA
For Lease

Contact for pricing
Property

Office

269,885 SF
Availability

3 Spaces

17,612 SF
Year Built

2003
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48 S De Lacey Ave

48 S De Lacey Ave, Old Town Pasadena, Pasadena, CA, CA
For Lease

$24.00 - $27.00/SF/YR
Property

Office

24,544 SF
Availability

3 Spaces

8,213 SF
Year Built

1955
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345 E Colorado Blvd

345 E Colorado Blvd, Playhouse District, Pasadena, CA
For Lease

$2.95/SF/MO
Property

Multi-Family
Availability

1 Space

4,458 SF
Year Built

2007
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80 South Lake Avenue

80 South Lake Avenue, South Lake, Pasadena, CA
For Lease

Contact for pricing
Property

Office

1,300 SF
Availability Contact for availability
Year Built

1967
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Foothill Rosemead Marketplace

3601 East Foothill Blvd, Daisy - Villa, Pasadena, CA
For Lease

Contact for pricing
Property

Retail

110,000 SF
Availability

6 Spaces

15,692 SF
Year Built

1955
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Gateway Metro Center

3452 East Foothill Blvd, Lamanda Park, Pasadena, CA
For Lease

$3.00/SF/MO
Property

Office

121,462 SF
Availability

21 Spaces

37,062 SF
Year Built

1969
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234 East Colorado Blvd

234 East Colorado Blvd, Playhouse District, Pasadena, CA
For Lease

$43.80/SF/YR
Property

Office

123,110 SF
Availability

11 Spaces

38,865 SF
Year Built

1924
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210 S De Lacey Ave

210 S De Lacey Ave, Old Town Pasadena, Pasadena, CA
For Lease

$1.99/SF/MO
Property

Office

23,718 SF
Availability

1 Space

23,718 SF
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170 N Halstead St

170 N Halstead St, Lamanda Park, Pasadena, CA
For Sale

$3,000,000
Property

VacantLand
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25 N Mentor Ave

25 N Mentor Ave, South Lake, Pasadena, CA
For Lease

$2.50/SF/MO
Property

Office

2,569 SF
Availability

1 Space

2,569 SF
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Chick-fil-A Parking Lot

774 N Lake Ave, Bungalow Heaven, Pasadena, CA
For Sale

$2,462,500
Property

VacantLand

3,085 SF
Year Built

1962
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454 South Pasadena Avenue

454 South Pasadena Avenue, Raymond Hill, Pasadena, CA
For Sale

$750,000
Property

Office

733 SF
Year Built

1926
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740-776 East Green Street

750 East Green Street, Playhouse District, Pasadena, CA
For Lease

$2.25/SF/MO
Property

Office

45,952 SF
Availability

8 Spaces

11,378 SF
Year Built

1956
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Old Town Pasadena
Regus
117 East Colorado Blvd. Suite 600, Pasadena, CA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Koll Center Pasadena

1055 East Colorado Blvd, South Lake, Pasadena, CA
For Lease

$2.15/SF/MO
Property

Office

181,390 SF
Availability

1 Space

9,372 SF
Year Built

2000
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299 North Euclid

299 North Euclid Avenue, Playhouse District, Pasadena, CA
For Lease

$3.15/SF/MO
Property

Office

74,689 SF
Availability

2 Spaces

6,220 SF
Year Built

1982
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800 E Colorado Blvd

800 E Colorado Blvd, South Lake, Pasadena, CA, CA
For Lease

$3.50/SF/MO
Property

Office
Availability

3 Spaces

18,397 SF
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2947 Bradley Street

2947 Bradley Street, Victory Park, Pasadena, CA
For Lease

$2.75/SF/MO
Property

Office

112,447 SF
Availability

1 Space

56,263 SF
Year Built

1984
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Solberg Building

85-89 W. Colorado Blvd & 17 N. De Lacey Ave., Old Town Pasadena, Pasadena, CA
For Sale

$9,500,000
Property

Retail

5,721 SF
Year Built

1915
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Playhouse Plaza

680 East Colorado Blvd, Playhouse District, Pasadena, CA
For Lease

$41.40 - $52.20/SF/YR
Property

Office

155,002 SF
Availability

2 Spaces

34,041 SF
Year Built

2015
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221 East Walnut Street

221 East Walnut Street, Playhouse District, Pasadena, CA
For Lease

$2.50/SF/MO
Property

Office

64,626 SF
Availability

1 Space

2,061 SF
Year Built

1975
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1687 E Colorado Blvd

1687 E Colorado Blvd, South Lake, Pasadena, CA, CA
For Lease

$33.00 - $42.00/SF/YR
Property

Retail

2 SF
Availability

2 Spaces

7,069 SF
Year Built

2008
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The Solberg Building

85 W Colorado Blvd, Old Town Pasadena, Pasadena, CA
For Lease

Contact for pricing
Property

Retail

5,721 SF
Availability

1 Space

825 SF
Year Built

1915
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3100 New York Drive

3100 New York Drive, Victory Park, Pasadena, CA
For Lease

$2.50/SF/MO
Property

Office

163,574 SF
Availability

1 Space

15,879 SF
Year Built

1983
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2830 Foothill Blvd.

2830 E. Foothill Blvd., Lamanda Park, Pasadena, CA
For Lease

$1.65/SF/MO
Property

Industrial

9,632 SF
Availability

1 Space

9,632 SF
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