The typical asking rate per listing is in the $120's per square foot per year. The Rose Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $43 per sqft per year. That's a 55% rise in rent.
Compared to the rest of the New York City market, the Rose Hill submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 40 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 80% 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,010 sqft. Most properties in this area are approximately 8 stories. Most buildings in this region 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 occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.