Monterey Park Retail

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Monterey Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
2,640
As of: June 25, 2017

Monterey Park Rates

Most listings are in the $40's per square foot per year. The Monterey Park submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $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 make a great offer to be in this hot region.

Monterey Park Listing Supply

In the last 90 days, 7 listings have been posted online, which means spaces might be going fast. 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 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 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1981 and are Class A.

Monterey Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Monterey Park residents. Commuting close to 10 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 Monterey Park.
Market Report

Market Data

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

Monterey Park Submarkets