When you say Pasadena, most people think of the Rose Bowl and the Rose Parade first. Roses aren't the only things that grow in abundance here, however - businesses in the city thrive as well as its verdant gardens. Maybe it's that famous California sunshine, but mostly it's due to all the different elements that make Pasadena the location of choice for companies looking for a base in the region.
First there's the location. Pasadena commercial properties are situated minutes away from major freeways and airports. The proximity of Glendale and Burbank, the area's two other financial and economic centers, is also convenient for companies looking to establish a region-wide consumer base.
With three major business districts all within the Central District - Old Pasadena, Playhouse District, South Lake Avenue - the city has more than 7 million square feet of office space. Other Pasadena commercial properties are located in East Colorado, East Washington, Hastings Ranch, and North Lake.
Secondly, due to being home to the prestigious California Institute of Technology, more popularly known as Caltech, Pasadena offers businesses access to a highly educated labor pool. Residents of Pasadena are significantly better educated than those of other cities. It's no wonder then that the city has become a hub of high-tech companies and public and private research. NASA's Jet Propulsion Laboratory (JPL), which is run by Caltech, is one of the city's top employers.
Thirdly, the City of Pasadena is very supportive towards businesses, whether start-up or established. The city fosters the growth of its local research companies, offering incentives such as fee reductions and waivers. Pasadena is also continuously developing its business districts and improving its services.
Pasadena commercial properties are in high demand, so if you're interested in investing you'd best consult an expert now. Contact William J. Haverly & Associates at 818-551-9000, or via email at info@billhaverly.com for Pasadena real estate and Pasadena asset management services. If you're calling from out of town, please feel free to use the toll free number 888-600-5478.
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