On average, listings lease in the $20's per square foot per year. The Cypress submarket is going through a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Cypress submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 80% of the available space in the Cypress are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 15,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1987 and are Class A.