The typical asking rate per listing is in the $30's per square foot per year. The Monterey Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 7 listings have come on the market, which means listings might be 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 18,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1982 and are Class A.