On average, listings lease in the $40's per square foot per year. The Cerritos submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $45 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Cerritos region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 288% of the available space in the Cerritos 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 3,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1986 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 area. 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.