Gulf Freeway/Pasadena The Gulf Freeway/Pasadena market contains approximately 620 office buildings in the submarket, comprising a total of 7,870,000 rentable square feet. With the vacancy traditionally around 13% this is a good market for office building investors. Quoted rents are trending in the $20-$21 per square foot range and are likely to increase over the coming years. Gulf Freeway/Pasadena market is south of I-10 and east of Gulf Freeway, stretching from Downtown to Trinity Bay. This geographically large submarket is a very heavy industrial market.
