Most listings are in the $20's per square foot per year. The Cerritos submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 770 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Cerritos work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.