Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Monterey Park 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.
Even though the median size is 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Monterey Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.