On average, listings lease in the $20's per square foot per year. The Ontario submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Ontario region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 71 listings have been posted online, so you'll want to check back regularly for new listings. About 79% of the available space in the Ontario are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1999 and are Class A.