2023 Office Space Rent & Sales
- $32.42 2023 Avg. Asking Rent
- 26.52% 2023 Office Vacancy Rate
Monterey Park office price per square foot in 2023 was $32.42 on average. The local office market recorded an average vacancy rate of 26.52% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Monterey Park, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Monterey Park, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| McCaslin Park - 2100 Saturn Street | 2100 Saturn Street, 91755 | 30,366 | 2004 |
| Los Angeles Corporate Center | 901 Corporate Center Dr, 91754 | 99,831 | 1986 |
| Los Angeles Corporate Center - Building 1200 | 1200 Corporate Center Drive, 91754 | 87,031 | 1986 |
| Los Angeles Corporate Center - Building 900 | 900 Corporate Center Drive, 91754 | 113,512 | 1985 |
| Los Angeles Corporate Center - Building 1000 | 1000 Corporate Center Drive, 91754 | 113,513 | 1983 |
| Los Angeles Corporate Center - Building 1255 | 1255 Corporate Center Drive, 91754 | 79,611 | 1983 |
| 601 Potrero Grande Drive | 601 Potrero Grande Drive, 91755 | 93,861 | 1980 |
| Cupania Business Circle | 1 Cupania Circle, 91755 | 54,100 | 1972 |
| 2162 S Garfield Ave | 2162 S Garfield Ave, 91754 | 1,739 | 1954 |
Worth noting among recent office completions on the Monterey Park market is McCaslin Park - 2100 Saturn Street, which is currently the largest new office development in the city, at 30,366 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Monterey Park commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.