On average, listings lease in the $40's per square foot per year. The Monterey Park region is experiencing a a boost in rates. In the last 3 months, the median rate went up $43 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 143% of the available leases in the Monterey Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,640 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1982 and are Class A.