Most listings are in the $30's per square foot per year. The Monrovia region is experiencing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the listings in the Monrovia are subleases, so you might be able to snag a great spot on a short term. 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 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Monrovia occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.