The typical asking rate per listing is in the $50's per square foot per year. The Sunset Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sunset Park submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Sunset Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,130 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1978 and are Class A.
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 region. Most of the occupants of Sunset Park work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.