Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Jul 2015

Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Jul 2015

Presented by Schacker Realty  631-293-3700

www.schackerrealty.com

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Average Listing Price/Sq. Ft.
Sq. Ft. Jul 2014 Jun 2015 Jul 2015 Annual Change Monthly Change
4k-20k $121.27 $126.78 $126.50 4.3% -0.2%
20k-50k $90.98 $94.92 $94.32 3.7% -0.6%
50k-600k $91.44 $84.31 $87.04 -4.8% 3.2%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Jul 2014 Jun 2015 Jul 2015 Annual Change Monthly Change
4k-20k $10.89 $11.59 $11.68 7.2% 0.8%
20k-50k $9.77 $10.12 $10.25 4.9% 1.3%
50k-600k $9.18 $11.35 $11.44 24.5% 0.8%
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Number of Listings for Sale
Sq. Ft. Jul 2014 Jun 2015 Jul 2015 Annual Change Monthly Change
4k-20k 278 264 272 -2.2% 3.0%
20k-50k 94 99 98 4.3% -1.0%
50k-600k 45 37 35 -22.2% -5.4%
Total 417 400 405 -2.9% 1.3%
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Number of Listings for Lease or Sublease
Sq. Ft. Jul 2014 Jun 2015 Jul 2015 Annual Change Monthly Change
4k-20k 444 353 360 -18.9% 2.0%
20k-50k 139 128 124 -10.8% -3.1%
50k-600k 59 44 43 -27.1% -2.3%
Total 642 525 527 -17.9% 0.4%

 

 

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 14 9 268,868 Sq. Ft. $183.22 $13.73 $4.90
Garden City Park 4 2 103,501 Sq. Ft. $140.70 $13.47 $5.50
Hempstead 7 10 190,016 Sq. Ft. $120.63 $12.80 $2.93
Freeport 20 13 418,463 Sq. Ft. $81.05 $10.61 $4.44
Westbury 10 19 360,136 Sq. Ft. $146.22 $11.11 $4.96
Oceanside 16 35 658,023 Sq. Ft. $92.84 $9.75 $3.38
Hicksville 10 27 728,677 Sq. Ft. $137.22 $10.18 $4.80
Bethpage 1 4 316,369 Sq. Ft. $68.00 $10.97 $3.08
Syosset 3 15 528,585 Sq. Ft. $112.50 $12.32 $3.50
Plainview 6 17 415,846 Sq. Ft. $123.44 $12.21 $4.88
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 2 7 375,580 Sq. Ft. $124.30 $13.78 $1.84
Farmingdale 30 37 1,070,418 Sq. Ft. $106.35 $11.05 $3.07
West Babylon 15 10 269,138 Sq. Ft. $115.19 $9.90 $3.00
Deer Park 15 18 440,385 Sq. Ft. $103.48 $9.11 $2.85
Hauppauge 26 45 1,701,885 Sq. Ft. $119.14 $8.95 $2.63
Edgewood 1 10 535,850 Sq. Ft. $115.00 $9.77 $2.60
Bay Shore 16 15 883,602 Sq. Ft. $87.50 $7.53 $2.60
Islandia 8 7 316,484 Sq. Ft. $104.84 $9.58 $2.44
Bohemia 13 22 305,926 Sq. Ft. $120.30 $8.59 $2.23
Ronkonkoma 16 31 715,217 Sq. Ft. $94.89 $9.69 $2.87
Holbrook 7 11 335,612 Sq. Ft. $89.18 $9.45 $1.78
Calverton 3 3 301,821 Sq. Ft. $117.97 $4.28 #DIV/0!
Yaphank 4 6 193,775 Sq. Ft. $105.56 $7.16 $2.74
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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.
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.