Most listings are in the $30's per square foot per year. The South Pasadena submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% 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 make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1950 and are Class B.