The typical asking rate per listing is in the $30's per square foot per year. The Lakewood submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lakewood submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,770 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1987 and are Class B.