On average, listings lease in the $50's per square foot per year. The Sunset Park submarket 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% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sunset Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Sunset Park are subleases, so you will probably have to focus your search on direct office leases. 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 1,800 sqft. Most buildings in this market are approximately 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 market. Most of the folk 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.