Forest Hills Retail

Forest Hills

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
16,420
As of: June 26, 2017

Forest Hills Rates

Most listings are in the $50's per square foot per year. The Forest Hills submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $50 per sqft per year.

Compared to the rest of the New York City market, the Forest Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Forest Hills Listing Supply

In the last 90 days, 5 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Forest Hills 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 16,420 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1948 and are Class B.

Forest Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Forest Hills occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Forest Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Forest Hills.
Research