Cerritos Office Space

Cerritos

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,920
As of: August 21, 2017

Cerritos Rates

The typical asking rate per listing is in the $30's per square foot per year. The Cerritos submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Cerritos Listing Supply

In the last 90 days, 8 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available space in the Cerritos 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,920 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1986 and are Class A.

Cerritos Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Cerritos work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Cerritos.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cerritos.
Research

Cerritos Submarkets