The typical asking rate per listing is in the $40's per square foot per year. The Cerritos submarket is experiencing a a boost 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 region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available leases 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 posted, 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 buildings in this market are close to 1 stories. Most buildings in this market were built in 1986 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 region. Most of the residents 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.