Pasadena Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Pasadena is $42.40 per square foot, 6.44% lower compared to the previous year.
  • The average sale price for office space in Pasadena is $302.91 per square foot, marking an increase of 126.24% compared to 2024.
  • The market’s vacancy rate stands at 22.80%, higher than the state average of California, which is 18.44%.
  • 165,285 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $42.40 2025 Avg. Asking Rent
  • -6.44% Y-o-Y Avg. Asking Rent Change
  • 22.80% 2025 Office Vacancy Rate
  • $235.3M2025 Total Office Sales
  • $302.91Avg. Sale Price/SF

What is the average asking rent price for office space in Pasadena?

Average asking rents for office space here stand at $42.40 per square foot. The local office market recorded an average vacancy rate of 22.80% in 2025, unchanged from 22.80% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $235.3M across 4 sales. These transactions commanded an average sale price per square foot of $302.91.

Pasadena, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in Pasadena?

  • Avg. Asking Rent Class A & A+$44.12
  • Avg. Asking Rent Class B$38.56

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Explore Top Office Markets in California

2025 Office Sales Volume

  • $302.912025 Avg. Price per SF
  • $235.3M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Pasadena?

Average sale prices for office space in this market recorded a +126.24% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $302.91 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Pasadena, CA Sale Price per SF Trend

  • Pasadena Avg. Sale Price per SF in 2025$302.91
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Pasadena in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $235.3M.

  • Pasadena, CA Total Office Sales Volume in 2025 $235.3M
  • Pasadena, CA Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

2025 Office Construction in Pasadena, CA

  • Pasadena, CA Total SF completed in 2025 99,996
  • Pasadena, CA Total SF under construction in 2026 165,285

How much office space was built in Pasadena in 2025?

99,996 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 99,996 square feet.

Looking forward, development activity in 2026 is estimated to add 165,285 square feet of office space to the market in total.

What are the largest recent office completions in Pasadena?

The largest recent office completion here is Pasadena Tower II at 247,455 square feet, completed in 1991. The next largest completions are Crown City Center and Pasadena Tower I.

Office building Address SF Completed
Pasadena Penthouse 735 Orange Grove Boulevard, Unit 350C, 91103 2,578 2023
Pasadena 10 West - Building 1 10 West Walnut Street, 91103 227,500 2021
Playhouse Plaza 680 East Colorado Blvd, 91101 155,002 2015
680 East Colorado Blvd 680 East Colorado Blvd, 91101 155,002 2015
Crown City Center 888 E. Walnut, 91106 230,000 2005
Huntington Pavilion 625 South Fair Oaks Avenue, 91105 183,506 2004
Pasadena Tower II 55 South Lake Avenue, 91101 247,455 1991
253 N. San Gabriel Blvd 253 N. San Gabriel Blvd, 91107 11,704 1990
Pasadena Tower I 800 East Colorado Blvd, 91101 229,596 1989
Lake Corson Building 301 North Lake Avenue, 91101 208,303 1988
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.