The typical asking rate per listing is in the $30's per square foot per year. The Monterey Park region is experiencing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been posted online, which means leases most likley are going fast. 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 18,630 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1982 and are Class A.