Sunset Park Retail

Sunset Park

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
1,610
As of: June 26, 2017

Sunset Park Rates

On average, listings lease 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 $55 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Sunset Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Sunset Park Listing Supply

In the last 90 days, 24 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 46% of the listings 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.

The standard measurement for office space in this area is around 1,610 sqft. Most buildings in this area are around 2 floors. Most buildings in this region 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 occupants of Sunset Park work from home. Commuting approximately 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