Sunset Park Office Space

Sunset Park

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
1,800
As of: May 22, 2017

Sunset Park Rates

The typical asking rate per listing is in the $50's per square foot per year. The Sunset Park region is seeing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 9% rise in rent.

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

Sunset Park Listing Supply

In the last 90 days, 24 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Sunset Park are subleases, so you will probably have to consider a longer term lease. 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 1,800 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market 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 area. Most of the residents 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 Report

Trends and status of the commercial real estate market in Sunset Park.
Market Report

Market Data

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