LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR JUL 2023

Presented by Schacker Realty 631-293-3700
www.schackerrealty.com


Average Listing Sale Price/Sq. Ft.
Sq. Ft.Jul 2019Jul 2021Jul 20234-yr Change2-yr Change
4k-10k189.22206.91242.7228.3%17.3%
10k-30k170.64178.93240.0840.7%34.2%
30k-70k155.88155.46216.5038.9%39.3%
70k-999k158.23183.65218.4338.0%18.9%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.Jul 2019Jul 2021Jul 20234-yr Change2-yr Change
4k-10k15.0616.1517.4515.9%8.0%
10k-30k13.8014.6418.0630.9%23.4%
30k-70k14.3615.3418.0926.0%17.9%
70k-999k14.5314.7920.2039.0%36.6%

Number of Listings for Sale
Sq. Ft.Jul 2019Jul 2021Jul 20234-yr Change2-yr Change
4k-10k1098450-54.1%-40.5%
10k-30k1058555-47.6%-35.3%
30k-70k343919-44.1%-51.3%
70k-999k13125-61.5%-58.3%
Totals261220129-50.6%-41.4%

Number of Listings for Lease or Sublease
Sq. Ft.Jul 2019Jul 2021Jul 20234-yr Change2-yr Change
4k-10k191161146-23.6%-9.3%
10k-30k138113118-14.5%4.4%
30k-70k43495630.2%14.3%
70k-999k34436797.1%55.8%
Totals406366387-4.7%5.7%

Nassau Warehouse, Manufacturing, Lab, and Storage Spaces
CityListings for SaleListings for Lease or SubleaseTotal Available Industrial Space (Sq. Ft.)Avg. Listing Sale Price (/Sq. Ft.)Avg. Listing Lease Price (/Sq. Ft.)Avg. Listing RE Taxes (/Sq. Ft.)
East Rockaway2594,540$278.34$21.16$4.79
Freeport95160,341$224.32$19.59$4.40
Garden City28189,366$300.00$22.33$3.36
Glen Cove27194,427$178.32$15.79$1.35
Hempstead3259,340$175.04$15.74$3.64
Hicksville222553,230$258.52$18.89$3.89
Inwood15246,500$200.00$23.45$3.28
Lynbrook1369,762$207.87$16.12$5.51
Mineola29261,150$237.76$28.25$4.72
New Hyde Park19181,084$210.60$20.70$3.97
Oceanside214145,287$160.86$17.19$12.08
Plainview37179,493$270.00$20.86$4.79
Syosset112163,911$319.35$21.17$3.91
Valley Stream4384,123$257.61$22.50$6.54
Westbury619573,712$268.00$20.03$4.41
Bethpage6288,554$20.50$1.50
Farmingdale324,719$17.50$
Garden City Park429,700$20.45$10.00
Port Washington5173,857$20.11$4.95
Rockville Centre522,735$15.11$
Woodbury4160,170$21.00$3.16

Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
CityListings for SaleListings for Lease or SubleaseTotal Available Industrial Space (Sq. Ft.)Avg. Listing Sale Price (/Sq. Ft.)Avg. Listing Lease Price (/Sq. Ft.)Avg. Listing RE Taxes (/Sq. Ft.)
Amityville18234,085$258.50$15.69$2.32
Bay Shore120747,363$199.47$15.48$2.98
Bellport354,333$248.27$1.88
Bohemia519404,221$281.19$14.61$2.47
Calverton213608,490$169.34$12.44$2.02
Commack28388,473$234.76$18.65$2.36
Copiague2660,076$205.36$18.88$2.76
Deer Park615240,803$234.07$17.27$2.94
East Setauket2140,600$
Edgewood24311,109$237.34$14.50$2.88
Farmingdale829822,311$277.15$18.88$4.09
Hauppauge3361,566,707$265.97$18.06$2.53
Holbrook39143,689$221.98$14.71$2.09
Holtsville1260,655$215.64$14.72$2.61
Huntington Station4386,082$218.46$14.92$2.78
Lindenhurst4457,899$226.38$20.61$2.59
Medford411848,409$301.58$18.64$1.29
Nesconset1219,366$250.00$2.77
Patchogue5271,500$159.56$16.00$2.40
Port Jefferson Station2122,000$187.20$17.00$2.44
Riverhead34124,838$224.14$15.24$2.94
Ronkonkoma314661,332$272.16$16.45$2.27
Saint James1327,217$206.97$21.18$3.18
Shirley171,201,150$333.33$18.75$0.50
West Babylon88132,250$239.62$17.16$3.28
Bayport3259,000$13.92$2.42
Brentwood7236,420$16.49$2.28
Center Moriches36,834$20.67$
Islandia3186,391$15.00$
Melville202,985,758$20.06$2.07
Yaphank81,713,126$19.30$

# 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.