The typical asking rate per listing is in the $40's per square foot per year. The South Pasadena submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Pasadena submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 500 sqft. Most buildings in this area are approximately 2 stories. 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 area. Most of the occupants of South Pasadena work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.