2023 Office Space Rent & Sales
- $42.33 2023 Avg. Asking Rent
- 16.77% 2023 Office Vacancy Rate
Pasadena office price per square foot in 2023 was $42.33 on average. The local office market recorded an average vacancy rate of 16.77% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Pasadena Class A & A+ Office Space$48.27
- Pasadena Class B Office Space$32.27
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Pasadena, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Pasadena, CA
- Pasadena, CA Total SF under construction in 2024 99,946
| Office building | Address | SF | Completed |
|---|---|---|---|
| 101 South Marengo | 101 South Marengo Avenue, 91101 | 320,000 | 2022 |
| 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 |
| 105 N Hill Ave | 105 N Hill Ave, 91106 | 13,668 | 2010 |
| Crown City Center | 888 E. Walnut, 91106 | 230,000 | 2005 |
| Huntington Pavilion | 625 South Fair Oaks Avenue, 91105 | 183,506 | 2004 |
| Western Asset Plaza | 385 East Colorado Blvd, 91101 | 269,885 | 2003 |
| Koll Center Pasadena | 1055 East Colorado Blvd, 91106 | 181,390 | 2000 |
| 86-94 West Colorado Blvd & 87 Fraser Alley | 88 West Colorado Blvd, 91105 | 29,989 | 1995 |
Worth noting among recent office completions on the Pasadena market is 101 South Marengo, which is currently the largest new office development in the city, at 320,000 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.