The typical asking rate per listing is in the $30's per square foot per year. The South Pasadena region is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 670 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1950 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the residents of South Pasadena work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.