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The typical asking rate per commerial real estate listing leases is in the $80's per square foot per year. The Rose Hill region is going through a a boost in rates. In the last 3 months, the median rate for lease went up $7 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Rose Hill region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 460 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available commercial real estate space in the Rose Hill are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 330 sqft. Most properties in this region are around 7 stories. Most buildings in this market were built around 1915 and are Class .
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 market. Commute by bike is the most popular way to get to work amongst Rose Hill occupants. 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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