The typical asking rate per listing is in the $30's per square foot per year. The South Pasadena submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the listings in the South Pasadena are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 340 sqft. Most buildings in this area are around 2 floors. Most buildings in this region 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 area. Most of the occupants 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.