Most listings are in the $70's per square foot per year. The Rose Hill region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 4% increase 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 region.
In the last 90 days, 40 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Rose Hill 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 9 stories. Most buildings in this area 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 region. Commute by bike is the most popular way to get to work amongst Rose Hill residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.