On average, listings lease in the $40's per square foot per year. The Cerritos submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 300% of the listings in the Cerritos 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 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1986 and are Class A.