Pasadena, California Commercial Real Estate 2 Listings

Pasadena, California: A Premier Destination for Commercial Real Estate

Introduction

Pasadena, California, is a thriving city with an exceptional commercial real estate (CRE) market. Known for its robust economy and a population exceeding 140,000, Pasadena serves as a key hub for industries such as technology, healthcare, and education. Its strategic location, coupled with a rich history of innovation, makes Pasadena a prime destination for CRE investments.

Economic and Industry Overview

Pasadena's economy is bolstered by several major industries, including:

Technology and Innovation: Home to NASA's Jet Propulsion Laboratory, Pasadena is a leader in aerospace technology, driving demand for office spaces and research facilities.
Healthcare: With institutions like Huntington Hospital, the healthcare sector significantly influences the demand for medical office buildings and related facilities.
Education and Research: Caltech, a world-renowned research institution, attracts a host of tech startups and research entities, increasing the need for innovation districts.

The city actively supports economic development through initiatives led by Pasadena's Economic Development Department, which encourages business growth and investment.

Strategic Location and Transportation Infrastructure

Pasadena is strategically located with access to key transportation networks:

Highways: Intersected by major highways like I-210 and SR-134, providing efficient access to the Greater Los Angeles area.
Airports: Proximity to Los Angeles International Airport (LAX) and Bob Hope Airport (Burbank) facilitates easy national and international connectivity.
Public Transit: Served by the Metro Gold Line, offering seamless public transit options.

These logistical advantages enhance Pasadena's appeal as a distribution and business hub, ensuring accessibility to a vast labor pool and coastal markets. For more details, visit the Department of Transportation.

Commercial Real Estate Inventory & Zoning

Pasadena features diverse CRE submarkets:

Central Business District (CBD): Predominantly office and retail spaces.
Innovation Districts: Areas near Caltech and JPL offer burgeoning opportunities for tech-centric developments.
Industrial Corridors: Located in the eastern and western parts of the city, catering to light industrial and flex spaces.

Recent zoning changes and incentives are outlined in the City of Pasadena Zoning Map. Developers can leverage overlays and incentives aimed at fostering sustainable growth.

Major Employers and Institutions

Key employers and institutions drive Pasadena's CRE demand:

NASA Jet Propulsion Laboratory
Huntington Hospital
California Institute of Technology (Caltech)
Kaiser Permanente

These institutions not only provide employment but also create a constant demand for office and mixed-use spaces. For more information, visit Pasadena's Business Directory.

Notable Commercial Developments & Projects

Pasadena is witnessing several large-scale developments:

Mixed-Use Developments: Projects like the Playhouse Plaza offer a blend of retail, residential, and office spaces.
Innovation Parks: Public-private partnerships are fostering the development of tech and research parks.

These projects are set to transform Pasadena's skyline and economic landscape. For planning details, visit the Planning Department.

Building Permits, Planning, and Development Tools

Access essential development tools and resources:

These tools assist developers and investors in navigating Pasadena's CRE landscape.

Market Data & Economic Reports

Pasadena's market data is supported by public datasets from census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation from these sources to provide comprehensive market insights. Explore Brevitas-powered dashboards for Pasadena here.

Why Use Brevitas for Pasadena, California CRE?

Brevitas offers unparalleled tools for CRE professionals:

AI-Driven CRE Discovery: Find properties tailored to your investment strategy.
Real-Time Market Alerts: Stay updated with the latest market movements.
Smart Property Pages and Dealroom Collaboration: Streamline your transactions with cutting-edge tools.
Exclusive Listings and Premium Exposure: Access premium listings and enhance your property's visibility.

With advanced features like auto-generated listing pages and integration with brokers, Brevitas is your go-to marketplace for Pasadena, California CRE.