Most listings are in the $60's per square foot per year. The Rose Hill submarket is going through a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 11% 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 come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 18% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 9 stories. Most buildings in this market 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.