Forest Hills, New York Commercial Real Estate 0 Listings

Forest Hills, New York: A Premier Destination for Commercial Real Estate

Introduction

Forest Hills, New York, is a vibrant neighborhood in the borough of Queens, offering a unique blend of urban and suburban living. Known for its strategic location, robust transportation infrastructure, and diverse economy, Forest Hills presents a compelling opportunity for commercial real estate (CRE) professionals. With a variety of property types, from office spaces to retail centers, and a supportive business environment, Forest Hills is poised for continued growth in the CRE sector.

Economic and Industry Overview

Forest Hills benefits from the broader economic landscape of New York City, with significant contributions from industries such as finance, healthcare, and retail. The neighborhood's proximity to Manhattan makes it an attractive location for businesses seeking affordable office space without sacrificing access to the city's economic opportunities. The New York City Economic Development Corporation actively supports initiatives to foster economic growth in Forest Hills, making it a desirable destination for investors and developers.

Strategic Location and Transportation Infrastructure

Forest Hills is strategically located with excellent connectivity to major transportation networks. Key infrastructure includes: - Highways: Easy access to the Long Island Expressway and Grand Central Parkway. - Airports: Proximity to LaGuardia Airport and John F. Kennedy International Airport. - Rail Lines: Served by the Long Island Rail Road and multiple subway lines, enhancing connectivity to other parts of New York City. - Public Transportation Links: Visit the MTA website for more information.

These transportation advantages facilitate efficient distribution and access to a large labor pool, enhancing the neighborhood's appeal for logistics and office space users.

Commercial Real Estate Inventory & Zoning

Forest Hills features a diverse array of commercial real estate submarkets, including: - Central Business District (CBD): Offers a mix of office and retail spaces. - Industrial Corridors: Limited industrial inventory but strategic for small-scale distribution centers. - Retail Hubs: Vibrant retail corridors along Austin Street and Queens Boulevard.

For zoning information, developers can refer to the NYC Zoning and Land Use Map.

Major Employers and Institutions

Forest Hills is home to several key employers and institutions: - Educational Institutions: Proximity to Queens College and St. John's University. - Healthcare Providers: Long Island Jewish Forest Hills Hospital. - Corporate Offices: Various small and mid-sized corporate headquarters.

Visit the Queens Chamber of Commerce for more business resources.

Notable Commercial Developments & Projects

Forest Hills has witnessed several significant developments: - Mixed-Use Projects: New residential and commercial spaces are being developed along major thoroughfares. - Opportunity Zones: Parts of Queens, including areas near Forest Hills, are designated as Opportunity Zones, providing tax incentives for investments.

For detailed planning resources, view the NYC Planning Department.

Building Permits, Planning, and Development Tools

Developers can access essential resources via: - NYC Department of Buildings for permits and safety guidelines. - NYC Planning Portal for zoning and development codes. - NYC GIS for parcel map viewers.

Market Data & Economic Reports

Leverage public datasets for informed decision-making: - U.S. Census Bureau - NYC Open Data

Brevitas offers AI-powered aggregation from these sources and invites users to explore Brevitas' Forest Hills CRE dashboard for deeper insights.

Why Use Brevitas for Forest Hills, New York CRE?

Brevitas enhances the CRE experience in Forest Hills with: - AI-driven Property Discovery: Uncover opportunities with smart algorithms. - Real-time Market Alerts: Stay informed with the latest market trends. - Smart Property Pages & Dealroom Collaboration: Streamline transactions. - Exclusive Listings & Premium Exposure: Access unique opportunities.