The typical asking rate per listing is in the $30's per square foot per year. The Cerritos region is experiencing a decline 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 region has greater 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 new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 313% of the listings in the Cerritos are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region 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.