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Commercial Real Estate in Pasadena, CA - 120 Properties Available

  • Gateway Plaza Pasadena - Pasadena
    300 North Lake Avenue, South Lake, Pasadena, CA 91101
    For Lease $39/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 2,865 Sqft
  • 600 Sierra Madre Villa Avenue - Pasadena
    600 Sierra Madre Villa Avenue, Daisy - Villa, Pasadena, CA 91107
    For Lease $35.4/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 105,004 Sqft
  • Eaton Canyon Tech Center - Pasadena
    2947 Bradley Street, Victory Park, Pasadena, CA 91107
    For Lease $18 - $22.56/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 55,248 Sqft
  • 199 South Los Robles - Pasadena
    199 South Los Robles Avenue, Playhouse District, Pasadena, CA 91101
    For Lease $37.2/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 51,328 Sqft
  • 2923 Bradley Street - Pasadena
    2923 Bradley Street, Victory Park, Pasadena, CA 91107
    For Lease $18/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 48,839 Sqft
  • Pasadena Office Tower - Pasadena
    150 South Los Robles Avenue, Playhouse District, Pasadena, CA 91101
    For Lease $39.6/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 19,230 Sqft
  • 234 E. Colorado Building - Pasadena
    234 East Colorado Boulevard, Playhouse District, Pasadena, CA 91101
    For Lease $43.2/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 18,564 Sqft
  • Wells Fargo Building - Pasadena
    80 South Lake Avenue, South Lake, Pasadena, CA 91101
    For Lease $42/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 11,858 Sqft
  • 55 East California Blvd - Pasadena
    55 East California Blvd, Raymond Hill, Pasadena, CA 91105
    For Lease $39/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 7,620 Sqft
  • 740-776 East Green Street - Pasadena
    750 East Green Street, Playhouse District, Pasadena, CA 91101
    For Lease $27 - $28.2/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 7,570 Sqft
  • 675 South Arroyo Pkwy - Pasadena
    675 South Arroyo Pkwy, Raymond Hill, Pasadena, CA 91105
    For Lease $31.2/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,699 Sqft
  • 99 South Lake Avenue - Pasadena
    99 South Lake Avenue, South Lake, Pasadena, CA 91101
    For Lease $22.2/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 2,748 Sqft
  • 650 Sierra Madre Villa Avenue - Pasadena
    650 Sierra Madre Villa Avenue, Daisy - Villa, Pasadena, CA 91107
    For Lease $28.8/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 1,851 Sqft
  • Del Mar Medical Building - Pasadena
    301 South Fair Oaks Avenue, Raymond Hill, Pasadena, CA 91105
    For Lease $37.8/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 1,700 Sqft
  • Parsons World Headquarters - Pasadena
    100 West Walnut, Old Town Pasadena, Pasadena, CA 91124
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 26,752 Sqft
  • Crown City Center - Pasadena
    888 East Walnut, South Lake, Pasadena, CA 91106
    For Lease $43.8/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 37,946 Sqft
  • 129-61 North Hill Avenue - Pasadena
    129-61 North Hill Avenue, South Lake, Pasadena, CA 91107
    Contact for pricing
    Property
    • Industrial
    Availability
    • 1 Space
    • 9,483 Sqft
  • 100 Corson Street - Pasadena
    100 Corson Street, Old Town Pasadena, Pasadena, CA 91103
    For Lease $35.4/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 21,585 Sqft
  • Thatcher Medical Building - Pasadena
    960 East Green Street, South Lake, Pasadena, CA 91106
    For Lease $18 - $38.4/Sqft/Yearly
    Property
    • Office
    Availability
    • 10 Spaces
    • 15,134 Sqft
  • 150 East Colorado Blvd - Pasadena
    150 East Colorado Blvd, Old Town Pasadena, Pasadena, CA 91105
    For Lease $27/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 12,239 Sqft
  • Pasadena Medical Plaza - Pasadena
    10 Congress Street, Raymond Hill, Pasadena, CA 91105
    For Lease $47.4/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 6,326 Sqft
  • Playhouse Plaza - Pasadena
    680 East Colorado Blvd, Playhouse District, Pasadena, CA 91101
    For Lease $45/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 5,294 Sqft
  • Huntington Pavilion - Pasadena
    625 South Fair Oaks Avenue, Raymond Hill, Pasadena, CA 91105
    Contact for pricing
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,458 Sqft
  • Bank of America Building - Pasadena
    101 South Marengo Avenue, Old Town Pasadena, Pasadena, CA 91101
    Contact for pricing
    Property
    • Office
    Availability
    • 1 Space
    • 337,467 Sqft
  • Century Square - Pasadena
    155 North Lake Avenue, South Lake, Pasadena, CA 91101
    Contact for pricing
    Property
    • Office
    Availability
    • 8 Spaces
    • 96,472 Sqft

Pasadena, CA Economic Overview

Location Photo

The ninth-largest city in Los Angeles County, Pasadena is home to almost 140,000 residents. While Pasadena is known worldwide for its yearly Rose Bowl Football Game and Tournament of Roses parade, it is also home to well-known educational and cultural institutions like Caltech, the Jet Propulsion Laboratory, and Norton Simon Museum. However, the city of Pasadena is also ripe with busy commercial real estate, which is devoted to retail, restaurants, and even a flea market that attracts thousands of vendors and tens of thousands of buyers.

One of Pasadena’s major economy sectors is Educational Services, with California Institute of Technology (Caltech), Pasadena City College, and the Pasadena Unified School District being some of its top employers, and Health Care, represented mainly by Kaiser Permanente and Huntington Hospital, being another major source of jobs. However, the top employer in Pasadena is the Jet Propulsion Laboratory. Professional, Scientific and Management and Administrative and Waste join the list of top local employment industries.

Another driver of Pasadena’s economy is retail and restaurant, particularly in its popular 21-block Old Town neighborhood, Paseo Colorado, and South Lake Avenue. These mixed-use properties offer living, working, and retail spaces not just within the same neighborhood, but in the same building.

Pasadena, CA Commercial Real Estate Market

Pasadena’s busiest neighborhood is Old Town Pasadena, the city’s original commercial center, which continues to be a popular Southern California shopping and entertainment destination. The Pasadena office submarket is mixed-use, with high-end shopping, fine dining, cafes, pubs, and even nightclubs.

Pasadena’s South Lake commercial real estate is another mixed use market of shopping, dining, and urban residences. South Lake Avenue District is located between active community groups and a bustling day-time workplace population of more than 56,000, all making use of services, shopping, and events located here.

Of course, the largest (almost 80,000) shopping venue in Pasadena is the Rose Bowl, featuring a monthly flea market that attracts 2,500 vendors and 25,000 buyers who search for bargains, like vintage clothes, antiques, and locally-crafted furniture.

Pasadena, CA Office Rental Rates ($/SF/year)

Data provided by Yardi Matrix, for properties larger than 50K SF.

Pasadena, CA Office Sales

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Pasadena, CA Commercial Inventory Breakdown

Office Spaces

Total: 11,794,334 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 2,546,850 SF / 21.59% of total office
  • 100k to 500k SF: 8,538,410 SF / 72.39% of total office
  • 500k to 1M SF: 709,074 SF / 6.01% of total office

By class:

  • Class A: 6,220,052 SF / 52.74% of total office
  • Class B: 4,520,983 SF / 38.33% of total office
  • Class C: 405,809 SF / 3.44% of total office

Industrial

Total: 561,004 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 561,004 SF / 100% of total industrial

By class:

  • Class B: 561,004 SF / 100% of total industrial

Employment in Pasadena, CA

Employment

Almost half of jobs in Pasadena are in business and finance management. The rest are mostly in computer science engineering, community social services, legal services, and education.

Pasadena’s median household income is a little over $72,000. About 75,000 of its 140,000 population is employed.

Education in Pasadena, CA

The Pasadena Unified School District runs the local public schools, including numerous elementary schools, five middle schools, and four high schools.

The most prominent school in Pasadena is, of course, the world-renowned California Institute of Technology (Caltech) in the southern center of the city. Caltech graduates have taken home 32 Nobel Prizes. The Jet Propulsion Laboratory is the city’s top employer, and is managed for NASA by Caltech.

Other prominent higher education institutions located in Pasadena are: Fuller Theological Seminary, one of the largest multidenominational schools in the world, Le Cordon Bleu, a branch of the world-famous culinary arts school that offers Le Cordon Bleu accreditation, Art Center College of Design, considered one of the top ten art schools in the world, and Los Angeles Music Academy College of Music, a modern music school staffed by active film, television, and recording industry professionals.

Commuting Time in Pasadena, CA

Almost 71% of Pasadena workers drive a car alone to work and have an average commute of 26.1 minutes one way.

Those who choose Pasadena Public Transportation are in luck - the city is served by the extensive Los Angeles Metro Gold Line light rail that starts in East Los Angeles. There are six total Gold Line stations in Pasadena at various, convenient locations throughout the city. Another option is the Pasadena Transit bus service, which is exclusive to the city. In addition, Los Angeles metropolitan bus services also serve the city, such as LADOT, Metro Local, and Foothill Transit.

There are four freeways that cross Pasadena. The busiest is Foothill Freeway I-210, which runs past the Rose Bowl and merges with the Ventura Freeway and also connects to Arcadia, San Fernando, and San Bernardino. Second-busiest is Ventura Freeway (SR 134) that connects to Bob Hope Airport. Then there is the Long Beach Freeway (SR 710), which was supposed to connect to Long Beach, but doesn’t. Finally, the Arroyo Seco Parkway (SR 110), which leads to Downtown Los Angeles.

Pasadena Demographics

Population

  • Total Population141,231
  • Male Population(48.3 %) 68,217
  • Female Population(51.7 %) 73,014
  • Median Age37.90

Income/Financial

  • Average Household Income$109,871
  • Median Household Income$76,264
  • Median Income Under 25$26,742
  • Median Income 25-44$81,738
  • Median Income 45-64$91,163
  • Median Income Over 65$56,767

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