Sunset Park Office Space

Sunset Park

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
1,060

Sunset Park Rates

The typical asking rate per listing is in the $50's per square foot per year. The Sunset Park region is going through a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 15% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Sunset Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Sunset Park Listing Supply

In the last 90 days, 124 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available space in the Sunset Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,060 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1978 and are Class A.

Sunset Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Sunset Park work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Sunset Park.
Research