The typical asking rate per listing is in the $20's per square foot per year. The Monrovia submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Monrovia are subleases, so you will probably have to focus your search on direct office leases. 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 5,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1982 and are Class B.