Most listings are in the $30's per square foot per year. The Monterey Park region is seeing 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 submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have come on the market, which means new availabilities might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 18,630 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Monterey Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.