Most listings are in the $70's per square foot per year. The Rose Hill region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $54 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the New York City market, the Rose Hill region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 460 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Rose Hill 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,840 sqft. Most buildings in this market are around 8 floors. Most buildings in this market were built in 1916 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Rose Hill residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Rose Hill.
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