On average, listings lease in the $40's per square foot per year. The Cerritos region is experiencing a a rise in rates. In the last 3 months, the median rate went up $45 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available space in the Cerritos are subleases, so you might be able to snag a great spot on a short term. 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 3,920 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 1986 and are Class A.