Most listings are in the $70'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 $3 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the New York City market, the Rose Hill region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 40 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Rose Hill are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,710 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 9 floors. Most buildings in this market 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.