The typical asking rate per listing is in the $20's per square foot per year. The Monrovia region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 24 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Monrovia are subleases, so you will probably have to consider a longer term lease. 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 5,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Monrovia residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.