Sunset Park Sublease

Sunset Park

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$84
Median Size (sqft)
16,020
As of: June 28, 2017

Sunset Park Rates

Most listings are in the $80's per square foot per year. The Sunset Park submarket is going through a a boost in rates. In the last 3 months, the median rate increased $84 per sqft per year.

Compared to the rest of the New York City market, the Sunset Park region has more expensive 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, 19 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases 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 on the market, 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 region are around 3 floors. Most buildings in this market were built in 1931 and are Class B.

Sunset Park Community

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 market. Commute by taxi is the most popular way to get to work amongst Sunset Park occupants. Commuting close to 30 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