Forest Hills: A Premier Destination for Commercial Real Estate

Introduction

Forest Hills is a vibrant community with a compelling commercial real estate (CRE) landscape that attracts investors and developers alike. Known for its strategic location within the New York metropolitan area, Forest Hills offers a mix of suburban charm and urban accessibility. The city's economy is supported by a diverse range of industries, including healthcare, education, and retail, making it an attractive hub for a variety of commercial properties. With its well-established infrastructure and growing business environment, Forest Hills stands out as a premier destination for commercial real estate investment.

Economic and Industry Overview

Forest Hills boasts a diverse economic base that fuels demand for various types of commercial properties. Key industries include:

• Healthcare: The presence of major medical centers and health service providers drives demand for medical office buildings and supporting retail establishments.
• Education: Proximity to reputable schools and universities increases the need for educational facilities and student housing.
• Retail: A thriving retail sector, fueled by local and regional consumers, supports shopping centers and mixed-use developments.

Regional economic development initiatives, such as those supported by Empire State Development, are focused on fostering business growth and expanding infrastructure to support these industries.

Strategic Location and Transportation Infrastructure

Forest Hills benefits from a robust transportation network, providing easy access to major markets:

• Highways: Located near major highways, including the Long Island Expressway and Grand Central Parkway, facilitating efficient logistics and commute.
• Public Transit: Excellent public transportation options with the Long Island Rail Road (LIRR) and New York City Subway offering quick connections to Manhattan and beyond.
• Airports: Close proximity to John F. Kennedy International Airport and LaGuardia Airport enhances business travel and cargo distribution.

These logistical advantages make Forest Hills an ideal location for distribution centers and office spaces. For more information, visit the New York State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Forest Hills features a diverse array of commercial real estate submarkets:

• Central Business District (CBD): Known for its mix of office spaces and retail outlets.
• Industrial Corridors: Areas designated for light manufacturing and warehousing.
• Innovation Districts: Zones encouraging tech startups and creative industries.

Recent zoning changes have introduced incentives for mixed-use developments, promoting higher-density projects. Access the New York City Zoning Maps for detailed information.

Major Employers and Institutions

Forest Hills is home to several key employers and institutions:

• Northwell Health: A major healthcare provider in the region.
• St. John's University: Contributes to the educational landscape and associated CRE demand.
• Metropolitan Transportation Authority (MTA): A significant employer with operational facilities in the area.

For a comprehensive list of employers, refer to the Queens Economic Development Corporation.

Notable Commercial Developments & Projects

Significant developments in Forest Hills include:

• Queens Boulevard Revitalization: A mixed-use development project enhancing retail and residential options.
• Forest Hills Tower: A landmark office building providing premium space for businesses.

These projects reflect the city's commitment to modernizing its infrastructure and expanding its commercial footprint. For development proposals, see the NYC Department of City Planning.

Building Permits, Planning, and Development Tools

Access key development resources through:

• NYC Department of Buildings for building permits.
• NYC Planning Portal for development tools.
• NYC GIS for parcel map viewers.

These tools support developers and investors in navigating the city's planning and zoning regulations.

Market Data & Economic Reports

Leverage public data sets for informed decision-making:

• U.S. Census Bureau for demographic and economic statistics.
• NYC Open Data for local market insights.

Brevitas utilizes AI-powered aggregation from public data and internal insights, offering Brevitas-powered dashboards for Forest Hills to support your investment strategy.

Why Use Brevitas for Forest Hills CRE?

Brevitas is your gateway to discovering prime commercial real estate opportunities in Forest Hills:

• AI-Driven Discovery: Smart property pages and real-time market alerts.
• Collaboration Tools: Dealroom features for seamless broker and developer integration.
• Exclusive Listings: Gain access to premium exposures and auto-generated listing pages.

Explore Brevitas for a comprehensive approach to commercial real estate in Forest Hills.