Monrovia Retail

Monrovia

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
15,840
As of: February 27, 2017

Monrovia Rates

The typical asking rate per listing is in the $30's per square foot per year. The Monrovia submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 13% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Monrovia region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Monrovia Listing Supply

In the last 90 days, 5 listings have been listed, which means spaces might be leasing quickly. 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.

Even though the median size is 15,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1982 and are Class B.

Monrovia Community

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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Monrovia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monrovia.
Research

Monrovia Submarkets