On average, listings lease in the $30's per square foot per year. The Monterey Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 18,630 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1982 and are Class A.