Most listings are in the $70's per square foot per year. The Rose Hill region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 6% rise 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 pay a premium to be in this hot submarket.
In the last 90 days, 39 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the Rose Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most buildings in this area are approximately 8 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.