Commercial Real Estate Market in Monrovia, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
86 active listings and 1,222 off-market properties in Monrovia, CA. Commercial property asks $363/SF to buy and $26.88/SF/Yr to lease.
Market Trends
Monrovia, CA spans 8.5 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Monrovia, CA asks $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Monrovia, CA asks $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Monrovia, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Monrovia, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 48.5%
- Residential 22.6%
- Planned_development 5.8%
- Industrial 2.3%
- Commercial 1.8%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Angeles National Forest
Hillside Wilderness Preserve
Residential Low
Residential Foothill
Hillside Recreation
Monrovia, CA zones 8,091 acres across 59 districts. Commercial zoning covers 1.8% of zoned land, residential 22.6%, open space 48.5% and industrial 2.3%. The largest single district is Angeles National Forest at 44.2%. For commercial buyers the practical constraint is that only 4.1% of land carries a commercial or industrial designation.
Angeles National Forest (ANF)
Angeles National Forest (ANF) Zone development standards. Share Download Bookmark Print § 17.18.010 ANGELES NATIONAL FOREST (ANF) ZONE DEVELOPMENT STANDARDS. (A) Purpose. The ANF Zoning designation is applied to all property within the Corporate Boundary of the City of Monrovia that is also within the boundary of the Angeles National Forest. The purpose of t…
Market overview
Demographics & Economy
Monrovia, CA has 41,852 residents in 16,171 households. Density runs 4,937 people per square mile. Median household income here is $99,555 and median gross rent $2,008 a month.
41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,937
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arcadia | $363 (county avg) | $34.36 |
| Duarte | $363 (county avg) | — |
Commercial property in Monrovia, CA asks $363/SF. The 2 bordering markets run from $363/SF in Arcadia to $363/SF in Arcadia, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monrovia?
Commercial property in Monrovia, CA asks an average of $363 per square foot. The 4 most recent recorded sales traded at a median of $374/SF. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Monrovia?
Asking lease rates in Monrovia, CA average $26.88 per square foot per year.
How does Monrovia compare to nearby markets on price?
Monrovia, CA asks $363/SF against $363/SF in Arcadia and $363/SF in Duarte.
What zoning applies to commercial property in Monrovia?
Monrovia, CA zones 8,091 acres across 59 districts, of which 1.8% is commercial and 2.3% industrial. The largest single district is Angeles National Forest at 44.2% of zoned land. Angeles National Forest (ANF) Zone development standards. Share Download Bookmark Print § 17.18.010 ANGELES NATIONAL FOREST (ANF) ZONE DEVELOPMENT STANDARDS. (A) Purpose. The ANF Zoning designation is applied to all property within the Corporate Boundary of the City of Monrovia that is also within the boundary of the Angeles National Forest. The purpose of t… Residential zoning covers 22.6% and open space 48.5%.
Where does Realmo's Monrovia market data come from?
Realmo compiles Monrovia, CA figures from 4 recent recorded sales, 46 active sale listings, 40 active lease listings, 1,222 tracked off-market properties, the current Monrovia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 40 active for-lease listings in Monrovia, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,091 zoned acres across 59 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
