Pasadena, CA
Commercial Real Estate Market Trends & Data

$591 per SF Avg asking sale price
$41 per SF Avg asking lease rate
5,682 SF Avg unit lease size
15,884 SF Avg building size for sale
5.52% Average cap rate

Pasadena's Demographic Profile

Pasadena has 55,910 households and a median income of $95,192, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 133,920
# Households 55,910
Median age 42
Median household income $95,192
Avg household size 2.0
Renter-occupied housing units 32,391
5-year population change -3%

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pasadena $647 27,225 SF 6.00%
Glendale $519 52,931 SF 8.31%
Nearby Retail Markets Avg Cost/SF Typical Size
Pasadena $637 16,801 SF
Altadena $479 10,719 SF
Flintridge $578 5,709 SF
San Marino $2,248 3,692 SF
Sierra Madre $529 5,010 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Pasadena $549 7,215 SF 6.94%
Altadena $381 8,642 SF 6.94%
South Pasadena $447 10,574 SF 6.08%
Eagle Rock $509 8,818 SF 5.75%
San Gabriel $570 7,910 SF 4.12%

Commercial Properties For Sale in Pasadena

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

146-154 N Holliston Ave

Pasadena, CA 91106

  • 5,443 SF Health Care Building
  • $2,995,000
For Sale

1063 Colorado Blvd

Eagle Rock, CA 90041

  • 1,598 SF Office Building
  • $999,000
For Sale

860-864 Huntington Dr

San Marino, CA 91108

  • 3,193 SF Retail Building
  • $1,995,000
For Sale

920 N 1st

Alhambra, CA 91801

  • 10,911 SF Multifamily
  • 5.06% Cap Rate
  • $4,800,000
For Sale

1124 Cordova St

Pasadena, CA 91106

  • 4,407 SF Multifamily
  • 4.23% Cap Rate
  • $2,195,000
For Sale

Bank of the West

Pasadena, CA 91107

  • 39,271 SF Office Building
  • $7,995,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pasadena pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pasadena $591 15,884 SF
Altadena $414 7,935 SF
La Canada Flintridge $470 5,597 SF
Flintridge $543 5,805 SF
San Marino $1,135 9,693 SF

Multifamily Properties For Sale in Pasadena

For Sale

Lincoln at Orange Grove

Pasadena, CA 91103

  • 52,236 SF Multifamily
  • $1,544,000

Regional Demographic Comparison

This comparison places Pasadena alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pasadena or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pasadena 133,920 55,910 42 $95,192 2 32,391 -3%
Altadena 40,095 14,318 47 $121,046 3 4,018 -4%
La Canada Flintridge 19,429 6,397 47 $193,341 3 828 -4%
Flintridge 19,580 6,460 47 $191,984 3 865 -4%
San Marino 12,112 4,035 49 $189,804 3 610 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pasadena, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pasadena

View All Commercial Real Estate For Sale in Pasadena
Is Pasadena a good market for a first-time commercial real estate investor?

Pasadena offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pasadena?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pasadena. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pasadena?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pasadena. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pasadena compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pasadena. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pasadena acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pasadena, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends