The typical asking rate per listing is in the $40's per square foot per year. The Cerritos region is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 19% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos 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, 8 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the available leases 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 3,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1986 and are Class A.
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 region. 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.