On average, listings lease in the $30's per square foot per year. The Cerritos submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 300% of the available space in the Cerritos are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1986 and are Class A.