On average, listings lease in the $40's per square foot per year. The Monterey Park submarket is going through a a boost in rates. In the last 3 months, the median rate increased $43 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 143% of the available space in the Monterey Park are subleases, so you might be able to find a shorter term or below market rent. 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 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1982 and are Class A.