The typical asking rate per listing is in the $30's per square foot per year. The Sunset Park region is seeing a a rise in rates. In the last 3 months, the median rate increased $34 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the New York City market, the Sunset Park submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 150,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Sunset Park residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.