On average, listings lease in the $30's per square foot per year. The Cerritos region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 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 occupants 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.