Most listings are in the $20's per square foot per year. The Cerritos region is experiencing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 830 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Cerritos work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.