Most listings are in the $40's per square foot per year. The Cerritos region is seeing a an increase in rates. In the last 3 months, the median rate rose $45 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 288% of the available space in the Cerritos 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 1986 and are Class A.