Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park 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, 7 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Monterey Park are subleases, so you might be able to find a shorter term or below market rent. 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 2,640 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Monterey Park occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.