Forest Hills Retail

Forest Hills

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
1,880
As of: March 13, 2017

Forest Hills Rates

On average, listings lease in the $30's per square foot per year. The Forest Hills submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 31% decline in rent.

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

Forest Hills Listing Supply

In the last 90 days, 5 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 1,880 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1950 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 region. Commute by car is the most popular way to get to work amongst Forest Hills folk. 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