Cerritos Office Space

Cerritos

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,760

Cerritos Rates

Most listings are in the $40's per square foot per year. The Cerritos region is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Cerritos Listing Supply

In the last 90 days, 180 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Cerritos are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,760 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this region were built in 1986 and are Class A.

Cerritos Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of Cerritos work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Cerritos.
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