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 fell $6 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,950 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 1 floors. 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 area. 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.