Commercial Real Estate Market in Pasadena, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 578 off-market properties in Pasadena, MD. Commercial property asks $438/SF to buy and $26.93/SF/Yr to lease.
Market Trends
Pasadena, MD spans 31.4 square miles in Anne Arundel County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pasadena, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Pasadena, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pasadena, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Pasadena, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Pasadena, MD has 62,368 residents in 23,624 households. Density runs 1,988 people per square mile. Median household income here is $121,732 and median gross rent $2,077 a month.
62,368
Population
23,624
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.4 sq mi
ZIP Area
1,988
Density / Sq Mi
$121,732
Median Household Income
$63,687
Median Earnings
$2,077
Median Rent
$412,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Severna Park | — | — |
| Glen Burnie | — | $27.52 |
| Lake Shore | — | — |
| Millersville | — | — |
Commercial property in Pasadena, MD asks $438/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pasadena?
Commercial property in Pasadena, MD asks an average of $438 per square foot. The 5 most recent recorded sales traded at a median of $259/SF, so asking sits 69% above the achieved median.
How much does it cost to lease commercial space in Pasadena?
Asking lease rates in Pasadena, MD average $26.93 per square foot per year.
Where does Realmo's Pasadena market data come from?
Realmo compiles Pasadena, MD figures from 8 recent recorded sales, 32 active sale listings, 15 active lease listings, 578 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 15 active for-lease listings in Pasadena, MD. 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.
- 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 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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 31 August 2026 · report a data issue
