Monrovia Office Space

Monrovia

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
8,900
As of: March 12, 2017

Monrovia Rates

On average, listings lease in the $30's per square foot per year. The Monrovia region is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Monrovia Listing Supply

In the last 90 days, 5 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 8,900 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1982 and are Class B.

Monrovia Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Monrovia folk. Commuting between 30 and 45 minutes 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 Monrovia.
Market Report

Market Data

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

Monrovia Submarkets