Written by Presented by Dion Noravian – Green World Realty
Pasadena CA retail commercial market.
Currently lots of mix use development currently on Walnut (Lake to Fair Oaks) to help with old town. Getting leased quickly. local young high income residents. Walk-able for residents and pasadena old town.
New tech business leased 100,000 sq feet in the new development area. Prefer larger campus style work space.
Landlords are not willing to drop rent prices but they will subsidize leases with rent abatement and other bonuses.
Malls have a large vacancy 32.9% and 24.9% available.
Author: Gary Yeung
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