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Office Space for Rent in Pasadena, CA - 110 Listings

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Pasadena, CA - Office Market Overview

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The Pasadena real estate market includes the Daisy - Villa, Garfield Heights, and North Central Pasadena commercial real estate submarkets. While the population of Pasadena is at just over 142,000, the city is also part of the much larger Los Angeles metro area, which is home to over 13 million residents.

As of mid-2017, the Pasadena office market encompasses over 10.2 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Pasadena, CA, is consistently growing, due to the diverse mix of business and industry within the city limits.

Pasadena, CA - Office Inventory Description

Home to the annual Rose Bowl college football game and the Tournament of Roses Parade, Pasadena also attracts a large number of scientific and cultural institutions. Demand for Class A office space in Pasadena is strong. Of the over 10 million square feet of total office space on the market, nearly 57% is Class A or A+, while Class B office space in Pasadena adds another 39% of inventory to the market.

One of the submarkets in Pasadena that sees a growing demand for Class A office space is the Old Town Pasadena office market. Located south of the I-210 between the I-710 and South Marengo Avenue, this area is home to large investment-grade office buildings such as 100 Corson Street, The Walnut Plaza, and the Chamber of Commerce Building on East Colorado Boulevard.

Pasadena, CA Commercial Inventory Breakdown

Office Spaces

Total: 11,635,031 SF

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

By square footage range:

  • 50k to 100k SF: 2,449,960 SF / 21.06% of total office
  • 100k to 500k SF: 8,475,997 SF / 72.85% of total office
  • 500k to 1M SF: 709,074 SF / 6.09% of total office

By class:

  • Class A: 6,123,552 SF / 52.63% of total office
  • Class B: 4,226,409 SF / 36.32% of total office
  • Class C: 405,809 SF / 3.49% of total office

Top 10 Largest Office Buildings

in Pasadena

Office building Address Sqft Year built
Walnut Center 393 East Walnut Street, 91188 709,074 1983
Parsons Campus 100 West Walnut Street, 91124 420,000 1974
100 West Walnut - Phase 2 100 West Walnut Street, 91124 402,500 n/a
Bank of America Building 101 South Marengo Avenue, 91101 333,027 1974
177 Colorado 177 East Colorado Blvd, 91101 291,735 1970
Gateway Plaza Pasadena 300 North Lake Avenue, 91101 281,896 1988
Western Asset Plaza 385 East Colorado Blvd, 91101 269,885 2003
Parsons Campus - East Annex 75 North Fair Oaks Avenue, 91103 256,000 1977
Parsons Campus - West Annex 74 North Pasadena Avenue, 91124 255,808 1981
Corporate Center Pasadena - Building 201 201 South Lake Avenue, 91101 255,343 1982

Most Recently-Built Office Buildings

in Pasadena

Office building Address Sqft Year built
909 South Fair Oaks Avenue 909 South Fair Oaks Avenue, 91105 74,800 2017
686 South Fair Oaks Avenue 686 South Fair Oaks Avenue, 91105 35,000 2017
Playhouse Plaza 680 East Colorado Blvd, 91101 155,002 2015
Fillmore Raymond Medical Office Building 800 South Raymond Avenue, 91105 35,201 2008
Crown City Center 888 East Walnut Street, 91106 233,368 2006
630 South Raymond Avenue 630 South Raymond Avenue, 91105 49,652 2006
The Royal 443 South Raymond Avenue, 91105 77,800 2005
Huntington Pavilion 625 South Fair Oaks Avenue, 91105 183,506 2004
Western Asset Plaza 385 East Colorado Blvd, 91101 269,885 2003
Pasadena Corporate Park - Phase II & III 3475 East Foothill Blvd, 91107 123,970 2002

Pasadena, CA - Green Office Space

Employment

As with many cities in California, the amount of green office space is Pasadena is abundant and growing. When looking at the larger office buildings in Pasadena that are green LEED-certified, or EPA Energy Star-rated buildings, there are 13 office buildings that contribute nearly 2.8 million square feet of energy-efficient office space to the Pasadena real estate market.

One example of a LEED-certified office building in Pasadena is the Corporate Center Pasadena - Building 201 on South Lake Avenue. Located in the South Lake commercial real estate submarket of Pasadena, this Class A office building was completed back in 1982 and adds over 255,000 square feet of LEED Gold-certified green office space to the total Pasadena office inventory.

The 2017 National Green Building Adoption Index surveyed the 30 largest office markets in the U.S. and learned that, since 2005, the percentage of energy-efficient, green office space has increased by about 33% on average across these top markets. As Class A office tenants and office building investors increasingly realize the financial benefits of green office space, the amount of energy-efficient offices in Pasadena is sure to continue to increase.

Pasadena, CA's Top Office-Using Sectors

The Pasadena commercial real estate and office markets are driven in large part by top office-using sectors like the financial services, healthcare, government & education, and large corporate office-using businesses.

  • Financial Services – Demand for white-collar office space in Pasadena comes from large employers such as Bank of America, OneWest Bank, Western Asset, and East West Bank.
  • Healthcare – Institutions such as Kaiser Permanente, Huntington Hospital, and Pacific Clinics help to maintain high office space demand in Pasadena.
  • Government & Education – White-collar office employment is also created by organizations such as the Jet Propulsion Laboratory, the California Institute of Technology, Pasadena City College, and the Art Center College of Design.
  • Corporate Office – Larger users of Class A office space in Pasadena include AT&T, Hathaway-Sycamores, Rusnak Auto Group, Avery Dennison, Idealab, and Tetra Tech.

Pasadena Demographics

Population

  • Total Population139,899
  • Male Population(49.1 %) 68,746
  • Female Population(50.9 %) 71,153
  • Median Age37.30

Income/Financial

  • Average Household Income$105,406
  • Median Household Income$72,402
  • Median Income Under 25$25,458
  • Median Income 25-44$76,936
  • Median Income 45-64$88,385
  • Median Income Over 65$51,555

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