Forest Hills Retail

Forest Hills

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
21,810
As of: August 19, 2017

Forest Hills Rates

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

Forest Hills Listing Supply

In the last 90 days, 5 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available leases 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 available, so finding a space for a small business might be tough.

Even though the median size is 21,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region 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 market. 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