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

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


Average Listing Sale Price/Sq. Ft.
Sq. Ft.Mar 2019Mar 2021Mar 20234-yr Change2-yr Change
4k-10k189.41205.71246.6430.2%19.9%
10k-30k165.60175.36238.4844.0%36.0%
30k-70k146.81151.28201.9837.6%33.5%
70k-999k164.63175.05189.7115.2%8.4%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.Mar 2019Mar 2021Mar 20234-yr Change2-yr Change
4k-10k14.5615.9117.5120.3%10.1%
10k-30k13.8114.3217.6728.0%23.4%
30k-70k13.7214.3816.8322.7%17.0%
70k-999k13.5315.0019.5644.6%30.4%

Number of Listings for Sale
Sq. Ft.Mar 2019Mar 2021Mar 20234-yr Change2-yr Change
4k-10k1159062-46.1%-31.1%
10k-30k1118360-45.9%-27.7%
30k-70k424018-57.1%-55.0%
70k-999k16114-75.0%-63.6%
Totals284224144-49.3%-35.7%

Number of Listings for Lease or Sublease
Sq. Ft.Mar 2019Mar 2021Mar 20234-yr Change2-yr Change
4k-10k176180129-26.7%-28.3%
10k-30k136120119-12.5%-0.8%
30k-70k47635210.6%-17.5%
70k-999k283769146.4%86.5%
Totals387400369-4.7%-7.8%

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 Rockaway35101,336$251.80$16.00$3.69
Freeport98251,003$226.14$18.37$4.42
Garden City29221,274$284.10$23.52$3.66
Garden City Park1320,260$302.42$19.29$8.40
Glen Cove36158,932$181.29$15.80$1.35
Hempstead4487,385$224.06$16.42$3.76
Hicksville223586,657$263.00$18.87$4.21
Inwood14263,645$200.00$20.84$2.68
Lynbrook2375,564$266.71$16.12$6.30
Mineola511278,951$241.24$23.91$4.90
New Hyde Park17152,916$210.60$20.80$4.42
Oceanside214154,646$160.86$16.58$12.08
Plainview38206,876$270.00$20.48$4.93
Syosset110161,611$319.35$21.14$3.83
Valley Stream56102,124$277.48$19.75$6.42
Westbury811408,655$257.52$19.57$4.04
Bethpage8512,594$20.75$1.50
Port Washington4161,350$18.50$5.90
Woodbury4157,346$20.00$

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.)
Amityville28251,386$294.16$15.32$3.13
Bay Shore219901,095$251.00$14.82$2.90
Bellport354,333$241.38$1.88
Bohemia413386,328$279.77$15.64$2.80
Calverton28467,510$169.34$10.62$2.48
Central Islip14384,391$101.18$14.30$3.25
Commack29407,897$234.76$18.46$2.36
Copiague3458,730$201.03$16.67$2.54
Deer Park512222,370$236.66$15.79$3.19
East Setauket2140,600$
Edgewood14481,609$250.00$11.75$2.04
Farmingdale1235994,724$267.38$18.42$3.39
Hauppauge1351,288,599$234.97$18.02$2.77
Holbrook215700,657$221.11$15.39$2.24
Holtsville1260,655$215.64$13.50$2.69
Huntington Station45148,182$213.54$15.55$3.23
Islandia12191,738$254.23$12.00$3.37
Lindenhurst3365,387$266.12$17.91$2.53
Medford2131,900,961$283.22$19.87$0.45
Nesconset1322,116$250.00$2.77
Patchogue5271,500$159.56$16.00$2.40
Port Jefferson Station2122,000$187.20$17.00$2.44
Riverhead35129,924$224.14$15.39$2.94
Ronkonkoma49556,243$272.87$16.58$2.41
Saint James1327,217$206.97$21.18$3.18
West Babylon911199,220$232.31$17.66$3.40
Wyandanch3130,034$225.83$3.26
Bayport3259,000$13.92$2.42
Brentwood4177,229$16.31$2.09
Melville172,706,778$20.26$2.05
Shirley61,193,150$16.50$0.50
Yaphank5699,996$16.00$

# 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.