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 2015Apr 2016May 2016Annual ChangeMonthly Change
4k-10k$149.08$159.71$156.895.2%-1.8%
11k-30k$113.92$128.64$129.9414.1%1.0%
31k-70k$93.04$99.48$96.683.9%-2.8%
71k-600k$98.65$117.99$118.4720.1%0.4%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft.May 2015Apr 2016May 2016Annual ChangeMonthly Change
4k-10k$11.72$12.10$12.819.3%5.9%
11k-30k$10.98$11.96$12.1310.5%1.4%
31k-70k$9.95$11.66$11.5816.4%-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 2015Apr 2016May 2016Annual ChangeMonthly Change
4k-10k167156147-12.0%-5.8%
11k-30k150138128-14.7%-7.2%
31k-70k594441-30.5%-6.8%
71k-600k2424254.2%4.2%
Total400362341-14.8%-5.8%
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Number of Listings for Lease or Sublease
Sq. Ft.May 2015Apr 2016May 2016Annual ChangeMonthly Change
4k-10k243223211-13.2%-5.4%
11k-30k191145135-29.3%-6.9%
31k-70k835755-33.7%-3.5%
71k-600k20242525.0%4.2%
Total537449426-20.7%-5.1%

 

 

 
 Listings For SaleListings For Lease or SubleaseTotal Available Industrial SpaceAvg. Listing Sale PriceAvg. Listing Lease PriceAverage Listing RE Taxes
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Nassau Warehouse, Manufacturing, Lab, and Storage Spaces
New Hyde Park117 259,932 Sq. Ft.$182.05$14.05$4.63
Garden City Park12 86,280 Sq. Ft.$134.24$13.14$3.57
Hempstead103 85,724 Sq. Ft.$122.20$12.25$3.79
Freeport169 288,128 Sq. Ft.$98.27$11.37$4.58
Westbury713 199,138 Sq. Ft.$145.57$13.97$4.31
Oceanside1517 403,311 Sq. Ft.$109.11$13.46$4.70
Hicksville917 498,109 Sq. Ft.$150.54$11.29$5.76
Bethpage07 329,347 Sq. Ft.$13.77$5.48
Syosset314 432,314 Sq. Ft.$179.00$12.75$3.45
Plainview614 330,107 Sq. Ft.$157.45$13.31$4.82
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville110 426,065 Sq. Ft.$132.92$16.32$1.69
Farmingdale3433 1,135,849 Sq. Ft.$117.38$12.39$2.98
West Babylon1711 218,112 Sq. Ft.$109.35$9.50$3.59
Deer Park1119 522,017 Sq. Ft.$104.57$9.67$3.13
Hauppauge1634 1,299,680 Sq. Ft.$125.24$9.45$2.56
Edgewood15 349,560 Sq. Ft.$125.00$2.52
Bay Shore1517 1,484,479 Sq. Ft.$100.03$8.83$2.97
Islandia47 227,700 Sq. Ft.$115.94$10.26$2.67
Bohemia1622 399,119 Sq. Ft.$127.35$9.45$2.58
Ronkonkoma1222 370,028 Sq. Ft.$110.65$9.59$2.78
Holbrook614 601,467 Sq. Ft.$82.62$9.28$1.54
Calverton11 75,821 Sq. Ft.$511.44$3.00n/a
Yaphank75 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.