Queens
Commercial space in Forest Hills
Forest Hills' office buildings line Queens Boulevard from 71st Avenue to Union Turnpike and hold many medical and professional practices, and Northwell's Forest Hills Hospital sits a short walk north. Austin Street, a block off the boulevard, is one of the busiest shopping streets in Queens, with national chains, independent shops and restaurants. The Forest Hills-71st Avenue station, where the E, F, M and R meet, and the LIRR stop at Station Square make it one of the best-connected neighborhoods in the borough.
- Commercial properties
- 259
- Office stock
- 1.6M SF
- Median year built
- 1941
- Known for
- Office, Retail, Medical
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC tax lot records
The building stock in Forest Hills
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 259
- Office space
- 1.6M SF
- Retail space
- 1.1M SF
- Built before 1940
- 45%
Largest office buildings
All 6 large commercial buildings in Forest HillsAge, height and zoning
- Median year built: 1941.
- Median height: 3 floors.
- Most common zoning districts: R7-1 (50), C4-4A (50), R6 (40).
- 2 lots are designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.6 mi of Forest Hills' commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
MTA station data
Subway stations in Forest Hills
Every station within about 0.6 mi of Forest Hills' commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 3
- Subway lines
- 4
- Fully accessible
- 2 of 3
- Closest
- Kew Gardens-Union Tpke, 2 min walk
The 3 stations
- Kew Gardens-Union Tpke
- Forest Hills-71 Av
- 75 Av
Lines
The E, F, M and R trains stop within about 0.6 mi of Forest Hills' core.
Step-free access
- Kew Gardens-Union Tpke (E F) is fully accessible.
- Forest Hills-71 Av (E F M R) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Forest Hills' commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.
NYC Department of Finance
Commercial property taxes in Forest Hills
Of the 6 large commercial buildings Leasemark tracks in Forest Hills, 6 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $6.82 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 6 taxed buildings
- The middle half pay between $6.64 and $13.59 a square foot of floor area a year.
- Queens median: $5.65 a square foot, across 429 large buildings Leasemark tracks.
- Median market value on the roll: about $148 a square foot. That is the city's valuation for tax, not a sale price.
42nd highest of 73 NYC neighborhoods by tax per SFHow taxes show up in a lease
Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Queens).
NYC Department of Buildings permits
Interior build-outs in Forest Hills
In the 12 months to October 2026, the Department of Buildings issued first permits for 11 interior build-outs in 4 of the 6 large commercial buildings Leasemark tracks in Forest Hills, with work permitted on 8 floors in all. Their filed cost estimates add up to about $2.6 million.
Most build-outs, last 12 months
- 67% of the buildings tracked here had a build-out, against 19% across Queens.
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
Questions about Forest Hills
How much commercial space is there in Forest Hills?
New York City's PLUTO tax lot data (26v2) records about 4.5 million square feet of commercial floor area across 259 properties in the part of Forest Hills Leasemark covers, including about 1.6 million square feet of office and about 1.1 million square feet of retail. The largest office building by that measure is 112-09 Queens Boulevard, at about 340,000 square feet. That is the existing building stock, not space currently available.
What subway lines serve Forest Hills?
Three subway stations sit within about 0.6 mi of Forest Hills' commercial core, served by the E, F, M and R trains. The closest is Kew Gardens-Union Tpke (E F), roughly 2 minutes on foot; then Forest Hills-71 Av (E F M R) and 75 Av (E F). Walking times are straight-line estimates from MTA station data.
Which subway stations in Forest Hills are accessible?
Two of the three stations within about 0.6 mi of Forest Hills' commercial core are fully accessible, per the MTA: Kew Gardens-Union Tpke (E F) and Forest Hills-71 Av (E F M R).
How much are commercial property taxes in Forest Hills?
On the Department of Finance's 2026/27 assessment roll, the 6 large commercial buildings Leasemark tracks in Forest Hills that pay property tax come to a median of about $6.82 per square foot of floor area a year, with the middle half between $6.64 and $13.59. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 112-09 Queens Boulevard, about $2.82 million a year. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in Forest Hills?
In the 12 months to October 2026, the Department of Buildings issued first permits for 11 interior build-outs in 4 of the 6 large commercial buildings Leasemark tracks in Forest Hills, with work permitted on 8 floors in all. Their filed cost estimates add up to about $2.6 million. The most were at 112-09 Queens Boulevard (4 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.
Do tenants in Forest Hills pay the NYC Commercial Rent Tax?
No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Queens, so a commercial lease in Forest Hills does not pay it at any rent.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.
Getting there
- E F M R at Forest Hills-71 Av
- E F at 75 Av
- LIRR at Forest Hills