Forest Hills Sublease

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: July 19, 2017

Forest Hills Rates

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.

Forest Hills Listing Supply

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.

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