The typical asking rate per listing is in the $30's per square foot per year. The Cerritos region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,950 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1986 and are Class A.