Richmond Hill Industrial

Richmond Hill

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
1,200
As of: March 29, 2017

Richmond Hill Rates

The typical asking rate per listing is in the $40's per square foot per year. The Richmond Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.

Compared to the rest of the New York City market, the Richmond Hill region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Richmond Hill Listing Supply

In the last 90 days, 2 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,200 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1931.

Richmond Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the folk of Richmond Hill work from home. Commuting around an hour and a half 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 Richmond Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Richmond Hill.
Research