Pasadena, California Commercial Real Estate Market Report

The Pasadena commercial real estate market currently features 59 active listings on the Commrty marketplace. The vast majority of these opportunities are held for sale, with 53 listings designated for acquisition and only 6 available for lease. This inventory reflects a period of stability in the local market, as no new listings have been added to the platform over the past 90 days. Prospective buyers can find options ranging from 2 million to 76 million dollars, with the median asking price among the 47 publicly priced assets resting at 2.2 million dollars. The current median advertised cap rate for these listings is 5.11 percent. Multifamily assets comprise the largest portion of the available inventory, accounting for 35 of the active listings, all of which are offered for sale. Other segments such as land, retail, and office spaces round out the balance, providing a diverse mix for investors and businesses. This distribution suggests that the current stock is well-suited for buyers seeking residential income properties or those interested in smaller-scale commercial development within the region. Only one property has been sold or leased in the last 180 days, indicating a measured pace of activity. Interested parties can monitor these 59 active listings on Commrty to evaluate pricing trends and asset availability as they track the evolving landscape of Pasadena commercial real estate.