On average, listings lease in the $30's per square foot per year. The San Marino submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the San Marino submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 480 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1961 and are Class B.