2020 Office Space Rent & Sales
- $30.64 2020 Avg. Asking Rent
- 10.59% 2020 Office Vacancy Rate
Cerritos office price per square foot in 2020 was $30.64 on average. The local office market recorded an average vacancy rate of 10.59% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Cerritos Class A Office Space$35.45
- Cerritos Class B Office Space$28.84
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Cerritos, CA Office Asking Rents by Class
2020 Office Construction in Cerritos, CA
- Cerritos, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Cerritos office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Cerritos Corporate Center - 12900 Park Plaza Drive | 12900 Park Plaza Drive, 90703 | 221,200 | 1999 |
| Cerritos Towne Center V | 17871 Park Plaza Drive, 90703 | 48,365 | 1999 |
| Cerritos Towne Center - 17785 Center Court | 17785 Center Court Drive North, 90703 | 142,618 | 1990 |
| 12610 Park Plaza Drive | 12610 Park Plaza Drive, 90703 | 101,465 | 1989 |
| Cerritos Towne Center - Building A | 12610 Park Plaza Drive, 90703 | 52,300 | 1989 |
| Cerritos Towne Center - 12750 Center Court | 12750 Center Court Drive South, 90703 | 140,119 | 1988 |
| 17350-17380 Norwalk Blvd | 17350 Norwalk Blvd, 90703 | 5,850 | 1986 |
| Cerritos Office Park | 17316 Edwards Road, 90703 | 31,270 | 1983 |
| Cerritos Distribution Center - 12604-12630 Hiddencreek Way & 16021 Arthur Street | 12604 Hiddencreek Way, 90703 | 191,651 | 1978 |
| 12930-12950 Alondra Blvd | 12930 Alondra Blvd, 90703 | 67,550 | 1978 |
Worth noting among recent office completions on the Cerritos market is Cerritos Corporate Center - 12900 Park Plaza Drive, which is currently the largest new office development in the city, at 221,200 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Cerritos 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.