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

Presented by Schacker Realty  631-293-3700

www.schackerrealty.com

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Average Listing Price/Sq. Ft.
Sq. Ft. Nov 2014 Nov 2015 Nov 2016 2-year Change 1-year Change
4k-10k $139.89 $153.66 $180.65 29.1% 17.6%
11k-30k $115.93 $119.56 $135.76 17.1% 13.6%
31k-70k $92.30 $98.20 $103.55 12.2% 5.4%
71k-600k $99.15 $119.62 $125.06 26.1% 4.6%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Nov 2014 Nov 2015 Nov 2016 2-year Change 1-year Change
4k-10k $11.41 $12.09 $13.26 16.3% 9.7%
11k-30k $10.67 $11.72 $12.21 14.4% 4.2%
31k-70k $9.46 $10.26 $11.08 17.1% 8.0%
71k-600k $9.48 $9.83 $10.48 10.5% 6.6%
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Number of Listings for Sale
Sq. Ft. Nov 2014 Nov 2015 Nov 2016 2-year Change 1-year Change
4k-10k 179 147 157 -12.3% 6.8%
11k-30k 143 135 133 -7.0% -1.5%
31k-70k 66 52 38 -42.4% -26.9%
71k-600k 25 23 25 0.0% 8.7%
Total 413 357 353 -14.5% -1.1%
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Number of Listings for Lease or Sublease
Sq. Ft. Nov 2014 Nov 2015 Nov 2016 2-year Change 1-year Change
4k-10k 276 196 216 -21.7% 10.2%
11k-30k 200 157 161 -19.5% 2.5%
31k-70k 88 69 58 -34.1% -15.9%
71k-600k 25 23 26 4.0% 13.0%
Total 589 445 461 -21.7% 3.6%

 

 

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 15 6  268,904 Sq. Ft. $200.19 $14.13 $5.23
Garden City Park 1 1  74,280 Sq. Ft. $140.00 $12.00 $3.69
Hempstead 12 3  126,152 Sq. Ft. $130.21 $12.25 $3.38
Freeport 22 12  421,006 Sq. Ft. $111.08 $11.95 $4.57
Westbury 12 17  450,840 Sq. Ft. $171.53 $12.65 $3.74
Oceanside 12 21  383,033 Sq. Ft. $105.95 $14.48 $3.88
Hicksville 10 19  664,199 Sq. Ft. $137.35 $12.49 $4.24
Bethpage 1 4  207,058 Sq. Ft. $17.36 $7.67
Syosset 4 14  394,272 Sq. Ft. $172.86 $13.58 $3.52
Plainview 3 16  258,426 Sq. Ft. $188.90 $14.40 $4.83
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 1 14  559,509 Sq. Ft. $156.00 $11.88 $1.94
Farmingdale 26 44  1,055,421 Sq. Ft. $144.35 $13.04 $3.27
West Babylon 17 14  279,300 Sq. Ft. $111.28 $8.77 $3.51
Deer Park 11 17  210,307 Sq. Ft. $187.65 $10.62 $4.13
Hauppauge 20 31  1,465,684 Sq. Ft. $125.48 $9.29 $2.48
Edgewood 0 7  429,105 Sq. Ft. $10.00
Bay Shore 10 12  783,240 Sq. Ft. $106.73 $8.81 $3.18
Islandia 2 6  42,710 Sq. Ft. $162.87 $10.90 $4.17
Bohemia 10 28  375,269 Sq. Ft. $146.34 $9.49 $2.81
Ronkonkoma 10 21  386,996 Sq. Ft. $110.66 $9.32 $2.72
Holbrook 7 16  515,758 Sq. Ft. $86.43 $9.80 $1.64
Calverton 1 2  84,695 Sq. Ft. $155.68 $4.00 $1.89
Yaphank 14 8  663,842 Sq. Ft. $120.74 $7.27 $2.47
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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.