For Sale
Forest Hills, NY
Commercial Real Estate Market Trends & Data
$493
Avg asking sale price
$49
Avg asking lease rate
12,986 SF
Avg unit lease size
6,370 SF
Avg building size for sale
6.08%
Average cap rate
Forest Hills's Demographic Profile
Forest Hills has 35,353 households and a median income of $95,869, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 79,865 |
| # Households | 35,353 |
| Median age | 46 |
| Median household income | $95,869 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 18,032 |
| 5-year population change | -2% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Forest Hills, NY
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Forest Hills | $705 | 7,104 SF | 8.90% |
| Kew Gardens | $534 | 4,009 SF | 5.00% |
| Flushing | $758 | 5,784 SF | 8.90% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Kew Gardens | $492 | 8,222 SF | 5.14% |
| Flushing | $524 | 23,137 SF | 7.00% |
| Richmond Hill | $492 | 8,222 SF | 5.14% |
| Elmhurst | $399 | 22,746 SF | 6.45% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Forest Hills | $817 | 4,502 SF |
| Kew Gardens Hills | $475 | 5,235 SF |
| Rego Park | $665 | 15,688 SF |
| Kew Gardens | $561 | 6,739 SF |
| Flushing | $759 | 7,148 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Forest Hills | $383 | 7,059 SF | 5.91% |
| Kew Gardens Hills | $423 | 9,866 SF | 5.50% |
| Rego Park | $682 | 10,116 SF | 6.98% |
| Kew Gardens | $583 | 5,842 SF | 5.91% |
| Flushing | $549 | 7,856 SF | 8.79% |
Commercial Properties For Sale in Forest Hills
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Forest Hills pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Forest Hills | $493 | 6,370 SF |
| Kew Gardens Hills | $460 | 10,085 SF |
| Rego Park | $525 | 8,174 SF |
| Kew Gardens | $531 | 8,024 SF |
| Flushing | $678 | 11,202 SF |
Multifamily Properties For Sale in Forest Hills
For Sale
Regional Demographic Comparison
This comparison places Forest Hills alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Forest Hills or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Forest Hills | 79,865 | 35,353 | 46 | $95,869 | 2 | 18,032 | -2% |
| Kew Gardens Hills | 42,635 | 15,046 | 39 | $72,820 | 3 | 8,112 | -4% |
| Rego Park | 48,565 | 20,653 | 45 | $75,276 | 2 | 12,318 | -3% |
| Kew Gardens | 52,666 | 18,962 | 42 | $79,841 | 3 | 11,877 | -7% |
| Flushing | 1,129,229 | 398,565 | 43 | $71,382 | 3 | 237,652 | -6% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Forest Hills, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Forest Hills
View All Commercial Real Estate For Sale in Forest Hills
Is Forest Hills a good market for a first-time commercial real estate investor?
Forest Hills offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Forest Hills?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Forest Hills. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Forest Hills?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Forest Hills. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Forest Hills compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Forest Hills. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Forest Hills acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Forest Hills, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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