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 undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 80% of the available space in the Forest Hills are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 21,810 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1948 and are Class B.
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.