Monrovia Sublease

Monrovia

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
15,840
As of: February 19, 2017

Monrovia Rates

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 $4 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Monrovia submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Monrovia Listing Supply

In the last 90 days, 5 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 15,840 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1982 and are Class B.

Monrovia Community

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 region. Commute by public transit is the most popular way to get to work amongst Monrovia folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Monrovia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monrovia.
Research

Monrovia Submarkets