Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 129% of the office spaces in the Monterey Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 spaces below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1981 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 area. Commute by walking is the most popular way to get to work amongst Monterey Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.