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 submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,370 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1982 and are Class A.
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 folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.