The typical asking rate per listing is in the $30's per square foot per year. The Monrovia region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 15,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1982 and are Class B.