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Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Aug 2016 |
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Presented by Schacker Realty 631-293-3700 |
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| Average Listing Price/Sq. Ft. | |||||
| Sq. Ft. | Aug 2014 | Aug 2015 | Aug 2016 | 2-year Change | 1-year Change |
| 4k-10k | $138.56 | $150.64 | $164.18 | 18.5% | 9.0% |
| 11k-30k | $115.59 | $117.72 | $130.38 | 12.8% | 10.8% |
| 31k-70k | $89.08 | $98.03 | $99.34 | 11.5% | 1.3% |
| 71k-600k | $92.52 | $118.95 | $120.97 | 30.8% | 1.7% |
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| Average Listing Rent/Sq. Ft. (including RE Taxes) | |||||
| Sq. Ft. | Aug 2014 | Aug 2015 | Aug 2016 | 2-year Change | 1-year Change |
| 4k-10k | $11.36 | $11.91 | $12.63 | 11.2% | 6.0% |
| 11k-30k | $10.56 | $11.29 | $12.26 | 16.0% | 8.5% |
| 31k-70k | $9.45 | $10.25 | $10.84 | 14.7% | 5.8% |
| 71k-600k | $9.08 | $11.89 | $9.84 | 8.4% | -17.2% |
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| Number of Listings for Sale | |||||
| Sq. Ft. | Aug 2014 | Aug 2015 | Aug 2016 | 2-year Change | 1-year Change |
| 4k-10k | 193 | 184 | 146 | -24.4% | -20.7% |
| 11k-30k | 133 | 148 | 128 | -3.8% | -13.5% |
| 31k-70k | 63 | 53 | 36 | -42.9% | -32.1% |
| 71k-600k | 24 | 24 | 28 | 16.7% | 16.7% |
| Total | 413 | 409 | 338 | -18.2% | -17.4% |
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| Number of Listings for Lease or Sublease | |||||
| Sq. Ft. | Aug 2014 | Aug 2015 | Aug 2016 | 2-year Change | 1-year Change |
| 4k-10k | 310 | 241 | 197 | -36.5% | -18.3% |
| 11k-30k | 207 | 178 | 139 | -32.9% | -21.9% |
| 31k-70k | 89 | 72 | 50 | -43.8% | -30.6% |
| 71k-600k | 30 | 20 | 29 | -3.3% | 45.0% |
| Total | 636 | 511 | 415 | -34.7% | -18.8% |
| Listings For Sale | Listings For Lease or Sublease | Total Available Industrial Space | Avg. Listing Sale Price | Avg. Listing Lease Price | Average Listing RE Taxes | |
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| Nassau Warehouse, Manufacturing, Lab, and Storage Spaces | ||||||
| New Hyde Park | 13 | 4 | 258,498 Sq. Ft. | $187.55 | $13.97 | $4.73 |
| Garden City Park | 1 | 2 | 86,280 Sq. Ft. | $140.00 | $13.14 | $3.69 |
| Hempstead | 9 | 4 | 97,804 Sq. Ft. | $131.65 | $13.43 | $3.39 |
| Freeport | 17 | 9 | 312,343 Sq. Ft. | $103.35 | $11.54 | $4.67 |
| Westbury | 11 | 10 | 213,073 Sq. Ft. | $156.81 | $14.11 | $3.50 |
| Oceanside | 13 | 19 | 374,783 Sq. Ft. | $105.73 | $14.44 | $4.04 |
| Hicksville | 11 | 13 | 480,391 Sq. Ft. | $151.96 | $13.04 | $5.60 |
| Bethpage | 0 | 10 | 318,432 Sq. Ft. | – | $13.76 | n/a |
| Syosset | 3 | 10 | 315,836 Sq. Ft. | $195.53 | $13.25 | $3.47 |
| Plainview | 4 | 16 | 315,458 Sq. Ft. | $175.01 | $13.04 | $4.83 |
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| Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces | ||||||
| Melville | 1 | 10 | 435,815 Sq. Ft. | $150.00 | $10.77 | $1.80 |
| Farmingdale | 28 | 37 | 979,685 Sq. Ft. | $123.72 | $13.65 | $3.19 |
| West Babylon | 19 | 11 | 270,247 Sq. Ft. | $108.41 | $9.24 | $3.39 |
| Deer Park | 7 | 13 | 231,992 Sq. Ft. | $167.26 | $10.59 | $3.93 |
| Hauppauge | 20 | 38 | 1,547,276 Sq. Ft. | $126.57 | $9.18 | $2.52 |
| Edgewood | 1 | 5 | 466,100 Sq. Ft. | $125.00 | – | $2.52 |
| Bay Shore | 13 | 13 | 776,129 Sq. Ft. | $114.69 | $8.81 | $3.12 |
| Islandia | 1 | 4 | 29,985 Sq. Ft. | $203.82 | $10.97 | $3.98 |
| Bohemia | 16 | 21 | 368,126 Sq. Ft. | $127.16 | $9.05 | $2.57 |
| Ronkonkoma | 8 | 19 | 360,660 Sq. Ft. | $111.21 | $8.62 | $2.41 |
| Holbrook | 6 | 13 | 596,540 Sq. Ft. | $82.93 | $9.33 | $1.48 |
| Calverton | 1 | 1 | 75,821 Sq. Ft. | $511.44 | $4.00 | n/a |
| Yaphank | 8 | 7 | 582,702 Sq. Ft. | $116.18 | $7.39 | $2.45 |
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| # About Schacker Realty | ||||||
| Schacker Real Estate Corp. is a Long Island commercial & industrial real estate firm specializing in Nassau County commercial properties, office space, industrial space, and warehouse space & Suffolk County commercial properties, office space, industrial space, and warehouse space.
Whether you’re looking to buy, purchase, sell, lease, or sublease industrial space, office space, warehouse space, or any other commercial real estate in North Hempstead, Hempstead, Islip, Huntington, Babylon, Oyster Bay, Smithtown, or Brookhaven, or Long Island, the brokers at Schacker Realty are the experts. Schacker Realty services Brooklyn and Queens as well. |
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| All information is subject to errors, omissions, modification, and withdrawal. Measurements may be estimates and information shown should not be relied without independent verification. Properties on this web site are not listed exclusively with Schacker Realty unless specifically labeled as an exclusive listing. | ||||||