Submarket Snapshot: Pasadena’s office market in Q1 2016
Pasadena’s 7.6 million-square-foot office submarket saw 14.8 percent vacancy in the first quarter, according to a report by Transwestern.
Its vacancy rate was higher than the 14.4 percent average for the Tri-Cities market.
Rent in Pasadena averaged $3.21 in the first quarter, pricier than the $3.12 Tri-Cities average.
The submarket saw 7,220 square feet of positive absorption.