Compared to the rest of the Metropolitan Los Angeles market, the Monterey Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 71% of the office spaces 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 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1981 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 area. Commute by walking is the most popular way to get to work amongst Monterey Park folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.