The typical asking rate per listing is in the $30's per square foot per year. The Cerritos region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,060 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1989 and are Class A.