The typical asking rate per listing is in the $80's per square foot per year. The Rose Hill region is seeing a a boost in rates. In the last 3 months, the median rate rose $82 per sqft per year.
Compared to the rest of the New York City market, the Rose Hill region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 40 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 113% of the listings 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 on the market, 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 market are around 8 floors. 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 market. Commute by bike is the most popular way to get to work amongst Rose Hill folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.