Forest Hills Sublease

Forest Hills

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
5,000
As of: May 21, 2017

Forest Hills Rates

On average, listings lease in the $30's per square foot per year. The Forest Hills submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 14% increase 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 posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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 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.
Research