X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Pasadena is quickly becoming the newest tech hub in Los Angeles. In the last year, smaller and start-up tech companies have migrated to the market, where revitalized office space is a discount compared to other markets. Gigajot Technology is the latest company to migrate to the market, signing a 3,257-square-foot lease Gateway Metro Center. The lease deal is an example of the recent tech activity in the market, which is expected to pick-up momentum this year.

“Pasadena attracts tech companies because the area has been on the frontline of significant technological advances such as the tech firm Gigajot, which has developed quanta image sensors for high-speed single-photon detection for unlocking a new level of capture capabilities,” Kevin Carroll, an associate at Avison Young and the broker on the Gigajot deal, tells GlobeSt.com. “The tech industry is honed in on NASA’s Jet Propulsion Laboratory in nearby La Canada Flintridge, the leading center for robotic exploration of the solar system, and research university California Institute of Technology in Pasadena. For a tech company to be situated in proximity to these two institutions is not only significant for recruiting, but also for being in the epicenter of an innovation hub.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.