The typical asking rate per listing is in the $30's per square foot per year. The Monrovia submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the available leases in the Monrovia 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 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 1,120 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1982 and are Class B.