Commercial Real Estate Market in South Pasadena, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
42 active listings and 628 off-market properties in South Pasadena, CA. Commercial property asks $363/SF to buy and $26.11/SF/Yr to lease.
Market Trends
South Pasadena, CA spans 3.4 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in South 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 South 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 South 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 South 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
Market overview
Demographics & Economy
South Pasadena, CA has 26,927 residents in 11,040 households. Density runs 7,847 people per square mile. Median household income here is $128,105 and median gross rent $2,218 a month.
26,927
Population
11,040
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
3.4 sq mi
ZIP Area
7,847
Density / Sq Mi
$128,105
Median Household Income
$79,571
Median Earnings
$2,218
Median Rent
$1,545,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| S Pasadena | $363 (county avg) | $26.11 |
| San Marino | $363 (county avg) | — |
| Alhambra | $363 (county avg) | $24.14 |
| Pasadena | $363 (county avg) | $19.48 |
Commercial property in South Pasadena, CA asks $363/SF. The 4 bordering markets run from $363/SF in S Pasadena to $363/SF in S Pasadena, 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 South Pasadena?
Commercial property in South Pasadena, CA asks an average of $363 per square foot. The 6 most recent recorded sales traded at a median of $630/SF. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in South Pasadena?
Asking lease rates in South Pasadena, CA average $26.11 per square foot per year.
How does South Pasadena compare to nearby markets on price?
South Pasadena, CA asks $363/SF against $363/SF in S Pasadena, $363/SF in San Marino, $363/SF in Alhambra and $363/SF in Pasadena.
Where does Realmo's South Pasadena market data come from?
Realmo compiles South Pasadena, CA figures from 7 recent recorded sales, 27 active sale listings, 15 active lease listings, 628 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 15 active for-lease listings in South 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.
- 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
