On average, listings lease in the $50's per square foot per year. The Sunset Park region is experiencing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sunset Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Sunset Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,060 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area 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.