Forest Hills Retail

Forest Hills

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Forest Hills Rates

Most listings are in the $50's per square foot per year. The Forest Hills submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decrease in rent.

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 undervalued submarket.

Forest Hills Listing Supply

In the last 90 days, 12 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Forest Hills are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Forest Hills residents. 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.