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Office Space for Rent in Monterey Park, CA - 26 Listings

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Monterey Park, CA - Office Market Overview

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Monterey Park neighbors the Arcadia, El Monte, and Alhambra commercial real estate markets. With a population of just over 61,000 residents, Monterey Park is also part of the greater metro Los Angeles region, which is home to over 13 million people. The office market in Monterey Park consistently sees strong demand due to being located just seven miles east of Downtown Los Angeles.

As of mid-2017, the Monterey Park office market encompasses over 1.7 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Monterey Park, CA, is driven in large part by a synergistic mix of both government and private industry.

Monterey Park, CA - Office Inventory Description

Monterey Park is part of a group of cities—including Alhambra, Arcadia, Rosemead, and San Marino—that, combined, have an Asian American population of nearly 70%. Monterey Park has also been ranked 3rd by Money magazine as one of 'America’s Best Places to Live 2017', and the demand for office space in Monterey Park reflects this. Of the larger office buildings in the city, Class B office space represents 100% of the office inventory in Monterey Park.

A few of the larger, investment-grade office properties in Monterey Park include the Los Angeles Corporate Center - Building 1000, the 1977 Saturn Street office building, the Atlas Corporate Center on Atlas Avenue, and the 901 Corporate Center Drive office property.

Monterey Park, CA Commercial Inventory Breakdown

Office Spaces

Total: 1,784,784 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 633,956 SF / 35.52% of total office
  • 100k to 500k SF: 1,150,828 SF / 64.48% of total office

By class:

  • Class B: 1,784,784 SF / 100% of total office

Top 10 Largest Office Buildings

in Monterey Park

Office building Address Sqft Year built
Volk Center 1980 Saturn Street, 91755 418,229 1985
McCaslin Park - 1977 Saturn Street 1977 Saturn Street, 91755 205,628 1979
Monterey Park 2530 Corporate Place, 91754 199,056 1988
Los Angeles Corporate Center - Building 1000 1000 Corporate Center Drive, 91754 113,513 1983
Los Angeles Corporate Center - Building 900 900 Corporate Center Drive, 91754 113,512 1985
901 Corporate Center Drive 901 Corporate Center Drive, 91754 100,890 1986
601 Potrero Grande Drive 601 Potrero Grande Drive, 91755 93,861 1980
500 & 600 North Garfield Avenue 500 North Garfield Avenue, 91754 89,575 1974
Los Angeles Corporate Center - Building 1200 1200 Corporate Center Drive, 91754 87,031 1986
Atlas Corporate Center 588 Atlas Avenue, 91755 86,319 1972

Most Recently-Built Office Buildings

in Monterey Park

Office building Address Sqft Year built
Saturn Corporate Center 1938 Saturn Street, 91755 39,543 2009
McCaslin Park - 2100 Saturn Street 2100 Saturn Street, 91755 30,366 2004
201 West Garvey Avenue 201 West Garvey Avenue, 91754 28,499 1997
The Crown Plaza 1055 Corporate Center Drive, 91754 53,148 1992
1111 Corporate Center Drive 1111 Corporate Center Drive, 91754 28,754 1992
Los Angeles Corporate Center - 1588 Corporate Center Drive 1588 Corporate Center Drive, 91754 67,805 1991
2625 Corporate Place 2625 Corporate Place, 91754 43,353 1990
1100 Corporate Center Drive 1100 Corporate Center Drive, 91754 40,704 1989
Monterey Park Medical Plaza - 880 South Atlantic Avenue 880 South Atlantic Blvd, 91754 38,424 1989
Monterey Park 2530 Corporate Place, 91754 199,056 1988

Monterey Park, CA - Green Office Space

Employment

Over the years the availability of LEED-certified, EPA Energy Star-rated, and green-certified office buildings has grown tremendously, both in California and the United States as a whole. According to the 2017 National Green Building Adoption Index, over the 12-year period between 2005 and 2017 the percentage of green office space in the top 30 U.S. office markets has increased by nearly seven-fold, to reach an overall percentage of 38% today.

While the city isn't large enough to be included among the top 30 office markets of the country, there are several good examples of green office space in Monterey Park, California. One such example of a LEED-certified office building is the SoCalGas Monterey Park facility. The utility company renovated about 16,000 square feet of mezzanine office space and replaced the existing roof system to allow the maximum amount of natural light into the office work areas. This project brings a significant amount of LEED Silver-certified office space to the Monterey Park commercial real estate market.

Monterey Park, CA's Top Office-Using Sectors

The Monterey Park commercial real estate and Class B office market sees robust demand for space from the dynamic mix of private and public office tenants, including the top office-using sectors in Monterey Park of the healthcare, government, and retail industries, along with larger corporate office users.

  • Healthcare – Demand for white collar office space in Monterey Park comes from institutions such as the Garfield Medical Center, Monterey Park Hospital, and Care1st Health Plan.
  • Government – Some of the largest employers and users of office space in this top office-using sector include the Los Angeles County Sheriff's Department, the City of Monterey Park, and the California Highway Patrol.
  • Retail – The demand for commercial real estate in Monterey Park comes in part from companies such as Ralphs and CVS/Pharmacy.
  • Corporate Office – White-collar office employment in Monterey Park is generated from firms such as AT&T, Southern California Gas Company, SynerMed, and First Data.

Monterey Park Demographics

Population

  • Total Population61,056
  • Male Population(47.8 %) 29,196
  • Female Population(52.2 %) 31,860
  • Median Age44.70

Income/Financial

  • Average Household Income$78,449
  • Median Household Income$55,117
  • Median Income Under 25$33,036
  • Median Income 25-44$64,058
  • Median Income 45-64$61,033
  • Median Income Over 65$39,352