2020 Office Space Rent & Sales
- $21.07 2020 Avg. Asking Rent
- 2.27 % Y-o-Y Avg. Asking Rent Change
- 24.27 % 2020 Office Vacancy Rate
Pasadena office price per square foot in 2020 was $21.07 on average. This marked a +2.27 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 24.27 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Pasadena Class B Office Space$21.07
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Pasadena, TX Office Asking Rents by Class
2020 Office Construction in Pasadena, TX
- Pasadena, TX Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Pasadena office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|5146 East Sam Houston Pkwy South||5146 East Sam Houston Pkwy South, 77505||30,372||2018|
|300 Beltway Green Blvd||300 Beltway Green Blvd, 77503||82,800||2016|
|5390 Bay Oaks Drive||5390 Bay Oaks Drive, 77505||31,500||2016|
|1 Pinnacle Way||1 Pinnacle Way, 77504||36,381||2014|
|Kelsey-Seybold Clinic - Pasadena||5001 East Sam Houston Pkwy, 77505||36,400||2013|
|1 Pinnacle Way||1 Pinnacle Way, 77504||54,726||2010|
|Texas Citizens Bank Building||4949 Fairmont Pkwy, 77505||51,836||2007|
|Patients Medical Office Building||4500 East Sam Houston Pkwy South, 77505||47,743||2007|
|3300 Watters Road||3300 Watters Road, 77504||26,690||2007|
|6021 Fairmont Pkwy||6021 Fairmont Pkwy, 77505||25,600||2005|
Worth noting among recent office completions on the Pasadena market is 5146 East Sam Houston Pkwy South, which is currently the largest new office development in the city, at 30,372 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Pasadena commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.