99 S. Lake Avenue — Lease in Pasadena, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Pasadena, CA 91101

Description

For Lease Office building with convenient surface parking lot, established local ownership and management with an on-site cafe and located within walking distance to many restaurants and shops in the South Lake shopping area.

Market Context

This office in Pasadena, CA is listed for lease. It has been on the market for 195 days. Compare it against other office listings for lease in Pasadena, CA — view the full market.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$3.25/SF/mo – $3.75/SF/mo

Mid: $3.48/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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