Most listings are in the $30's per square foot per year. The Monrovia region is going through a a boost in rates. In the last 3 months, the median rate went up $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 more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 130 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Monrovia 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 5,100 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Monrovia residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Monrovia.
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