Most listings are in the $70's per square foot per year. The Rose Hill region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the New York City market, the Rose Hill submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 40 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 18% 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 available, 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 buildings 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 approximately an hour a day is the norm for those who opt to reside in this part of town.