Most listings are in the $60's per square foot per year. The Rose Hill region is experiencing a a rise in rates. In the last 3 months, the median rate went up $62 per sqft per year.
Compared to the rest of the New York City market, the Rose Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 28 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,620 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 9 floors. Most buildings in this region were built in 1920 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 approximately an hour a day is the norm for those who opt to reside in this part of town.