On average, listings lease in the $30's per square foot per year. The Monrovia submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 129 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Monrovia are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,100 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Monrovia.
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