The typical asking rate per listing is in the $80's per square foot per year. The Sunset Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $44 per sqft per year. That's a 112% rise in rent.
Compared to the rest of the New York City market, the Sunset Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 16,020 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1931 and are Class B.
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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.