Commercial Real Estate Market in Pasadena, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
231 active listings and 4,322 off-market properties in Pasadena, CA. Commercial property asks $363/SF to buy and $19.48/SF/Yr to lease.
Market Trends
Pasadena, CA spans 40.2 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Pasadena, CA asks $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Pasadena, CA asks $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Pasadena, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Pasadena, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.3%
- Open space 17.2%
- Mixed use 6.9%
- Industrial 2.5%
- Planned_development 2.5%
- Commercial 2.4%
- Special 0.4%
- Civic 0%
Largest Zones share of zoned land by district
Open Space
Single Family Residential
Public And Semi Public
Single Family Residential Hillside
Single Family Residential Hillside
Pasadena, CA zones 14,771 acres across 198 districts. Commercial zoning covers 2.4% of zoned land, residential 58.3%, open space 17.2% and industrial 2.5%. The largest single district is Open Space at 17.2%. For commercial buyers the practical constraint is that only 4.9% of land carries a commercial or industrial designation.
Open Space (OS)
OS (Open Space) District. The OS district is applied to sites with open space, parks, and recreational facilities of a landscaped, open character having a minimum contiguous site area of two acres. The OS zoning district is consistent with and implements the Open Space land use designation of the General Plan. B. PS (Public and Semi-Public) District. 1. Purp…
Market overview
Demographics & Economy
Pasadena, CA has 187,473 residents in 80,526 households. Density runs 4,660 people per square mile. Median household income here is $124,240 and median gross rent $2,364 a month.
187,473
Population
80,526
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
91%
High-School Grad
40.2 sq mi
ZIP Area
4,660
Density / Sq Mi
$124,240
Median Household Income
$66,358
Median Earnings
$2,364
Median Rent
$1,202,696
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| San Marino | $363 (county avg) | — |
| South Pasadena | $363 (county avg) | $26.11 |
| Altadena | $363 (county avg) | — |
| San Gabriel | $363 (county avg) | $26.30 |
Commercial property in Pasadena, CA asks $363/SF. The 4 bordering markets run from $363/SF in San Marino to $363/SF in San Marino, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pasadena?
Commercial property in Pasadena, CA asks an average of $363 per square foot. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Pasadena?
Asking lease rates in Pasadena, CA average $19.48 per square foot per year.
How does Pasadena compare to nearby markets on price?
Pasadena, CA asks $363/SF against $363/SF in San Marino, $363/SF in South Pasadena, $363/SF in Altadena and $363/SF in San Gabriel.
What zoning applies to commercial property in Pasadena?
Pasadena, CA zones 14,771 acres across 198 districts, of which 2.4% is commercial and 2.5% industrial. The largest single district is Open Space at 17.2% of zoned land. OS (Open Space) District. The OS district is applied to sites with open space, parks, and recreational facilities of a landscaped, open character having a minimum contiguous site area of two acres. The OS zoning district is consistent with and implements the Open Space land use designation of the General Plan. B. PS (Public and Semi-Public) District. 1. Purp… Residential zoning covers 58.3% and open space 17.2%.
Where does Realmo's Pasadena market data come from?
Realmo compiles Pasadena, CA figures from 5 recent recorded sales, 135 active sale listings, 96 active lease listings, 4,322 tracked off-market properties, the current Pasadena zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 135 active for-sale and 96 active for-lease listings in Pasadena, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 14,771 zoned acres across 198 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
