Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for May 2016

Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for May 2016

Presented by Schacker Realty  631-293-3700

www.schackerrealty.com

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Average Listing Price/Sq. Ft.
Sq. Ft. May 2015 Apr 2016 May 2016 Annual Change Monthly Change
4k-10k $149.08 $159.71 $156.89 5.2% -1.8%
11k-30k $113.92 $128.64 $129.94 14.1% 1.0%
31k-70k $93.04 $99.48 $96.68 3.9% -2.8%
71k-600k $98.65 $117.99 $118.47 20.1% 0.4%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. May 2015 Apr 2016 May 2016 Annual Change Monthly Change
4k-10k $11.72 $12.10 $12.81 9.3% 5.9%
11k-30k $10.98 $11.96 $12.13 10.5% 1.4%
31k-70k $9.95 $11.66 $11.58 16.4% -0.7%
71k-600k $11.41 $9.31 $9.52 -16.5% 2.3%
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Number of Listings for Sale
Sq. Ft. May 2015 Apr 2016 May 2016 Annual Change Monthly Change
4k-10k 167 156 147 -12.0% -5.8%
11k-30k 150 138 128 -14.7% -7.2%
31k-70k 59 44 41 -30.5% -6.8%
71k-600k 24 24 25 4.2% 4.2%
Total 400 362 341 -14.8% -5.8%
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Number of Listings for Lease or Sublease
Sq. Ft. May 2015 Apr 2016 May 2016 Annual Change Monthly Change
4k-10k 243 223 211 -13.2% -5.4%
11k-30k 191 145 135 -29.3% -6.9%
31k-70k 83 57 55 -33.7% -3.5%
71k-600k 20 24 25 25.0% 4.2%
Total 537 449 426 -20.7% -5.1%

 

 

 
  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 11 7  259,932 Sq. Ft. $182.05 $14.05 $4.63
Garden City Park 1 2  86,280 Sq. Ft. $134.24 $13.14 $3.57
Hempstead 10 3  85,724 Sq. Ft. $122.20 $12.25 $3.79
Freeport 16 9  288,128 Sq. Ft. $98.27 $11.37 $4.58
Westbury 7 13  199,138 Sq. Ft. $145.57 $13.97 $4.31
Oceanside 15 17  403,311 Sq. Ft. $109.11 $13.46 $4.70
Hicksville 9 17  498,109 Sq. Ft. $150.54 $11.29 $5.76
Bethpage 0 7  329,347 Sq. Ft. $13.77 $5.48
Syosset 3 14  432,314 Sq. Ft. $179.00 $12.75 $3.45
Plainview 6 14  330,107 Sq. Ft. $157.45 $13.31 $4.82
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 1 10  426,065 Sq. Ft. $132.92 $16.32 $1.69
Farmingdale 34 33  1,135,849 Sq. Ft. $117.38 $12.39 $2.98
West Babylon 17 11  218,112 Sq. Ft. $109.35 $9.50 $3.59
Deer Park 11 19  522,017 Sq. Ft. $104.57 $9.67 $3.13
Hauppauge 16 34  1,299,680 Sq. Ft. $125.24 $9.45 $2.56
Edgewood 1 5  349,560 Sq. Ft. $125.00 $2.52
Bay Shore 15 17  1,484,479 Sq. Ft. $100.03 $8.83 $2.97
Islandia 4 7  227,700 Sq. Ft. $115.94 $10.26 $2.67
Bohemia 16 22  399,119 Sq. Ft. $127.35 $9.45 $2.58
Ronkonkoma 12 22  370,028 Sq. Ft. $110.65 $9.59 $2.78
Holbrook 6 14  601,467 Sq. Ft. $82.62 $9.28 $1.54
Calverton 1 1  75,821 Sq. Ft. $511.44 $3.00 n/a
Yaphank 7 5  182,916 Sq. Ft. $168.69 $7.84 $2.71
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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.