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Pasadena Office Market Faces Record Levels of Sublease Availabilities

Space Presently Marketed at More Than Double L.A. Average
Pasadena Corporate Park, where tenant Green Dot posted its 140,000-square foot office on the market for sublease. (CoStar)
Pasadena Corporate Park, where tenant Green Dot posted its 140,000-square foot office on the market for sublease. (CoStar)
CoStar Analytics
October 22, 2020 | 5:36 P.M.

Like most locations in Los Angeles, fundamentals in the Pasadena office submarket have been negatively impacted by the coronavirus pandemic. The vacancy rate, currently at 11.6%, is up from 9.8% in the first quarter.

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News | Pasadena Office Market Faces Record Levels of Sublease Availabilities