LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR MAY 2024

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


Average Listing Sale Price/Sq. Ft.
Sq. Ft.May 2020May 2022May 20244-yr Change2-yr Change
4k-10k198.49224.89262.7032.3%16.8%
10k-30k175.66206.74241.2937.4%16.7%
30k-70k152.68195.80229.3350.2%17.1%
70k-999k159.74230.24216.2735.4%-6.1%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.May 2020May 2022May 20244-yr Change2-yr Change
4k-10k15.1217.4418.8224.5%7.9%
10k-30k13.5817.1218.3435.1%7.1%
30k-70k13.3517.2918.4338.1%6.6%
70k-999k13.6123.1119.6844.6%-14.8%

Number of Listings for Sale
Sq. Ft.May 2020May 2022May 20244-yr Change2-yr Change
4k-10k1006244-56.0%-29.0%
10k-30k956963-33.7%-8.7%
30k-70k352118-48.6%-14.3%
70k-999k14910-28.6%11.1%
Totals244161135-44.7%-16.1%

Number of Listings for Lease or Sublease
Sq. Ft.May 2020May 2022May 20244-yr Change2-yr Change
4k-10k212109150-29.2%37.6%
10k-30k14789127-13.6%42.7%
30k-70k41396865.9%74.4%
70k-999k325469115.6%27.8%
Totals432291414-4.2%42.3%

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.)
Baldwin2168,502$152.16$3.00
East Rockaway3491,340$263.18$20.00$3.50
Freeport4264,232$227.03$17.00$3.33
Glen Cove312288,862$168.68$19.70$3.48
Glenwood Landing1349,100$207.55$17.00$3.60
Hicksville216463,907$301.05$20.34$5.03
Inwood16316,940$200.00$26.24$3.51
Island Park44105,048$257.01$20.82$3.31
Lynbrook2126,950$196.80$24.00$4.92
Mineola15176,528$299.67$27.09$4.18
New Hyde Park36189,413$267.48$20.01$3.82
Oceanside210129,886$198.62$18.16$4.44
Old Bethpage1275,440$234.74$16.50$3.56
Plainview211185,349$298.96$21.72$4.96
Rockville Centre1319,988$265.00$16.70$4.39
Syosset115211,500$319.35$21.97$4.32
Valley Stream4385,850$272.82$6.65
Westbury514537,674$251.64$20.49$4.23
Bethpage9508,100$22.00
Garden City7165,992$24.00$6.74
Port Washington4193,555$19.16$4.40

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.)
Amityville38471,147$240.30$14.58$3.41
Bay Shore4201,210,293$269.19$14.20$3.27
Bellport4266,603$238.92$18.22$2.51
Bohemia621423,798$273.51$16.19$5.42
Brentwood13146,700$225.00$15.07$2.16
Calverton16314,999$212.50$17.74$1.97
Center Moriches1318,334$191.30$20.67$2.10
Central Islip12213,493$249.88$14.42$3.32
Commack111376,740$304.47$20.57$2.69
Copiague3440,820$248.04$17.15$2.84
Deer Park519559,236$223.39$16.57$2.88
Edgewood14365,618$250.00$18.00$2.88
Farmingdale10381,040,505$256.26$20.04$3.05
Hauppauge5441,945,375$261.59$18.45$2.58
Holbrook420507,679$240.85$15.78$2.27
Holtsville24115,806$240.00$15.65$3.18
Huntington Station3698,607$213.85$16.73$2.45
Islandia25484,874$247.50$19.75$3.12
Lindenhurst33116,195$197.95$16.75$2.57
Medford59444,070$271.86$20.38$1.90
Melville2131,734,557$214.68$19.90$2.27
Port Jefferson Station2114,000$187.20$17.00$2.04
Riverhead2495,405$176.10$14.98$3.18
Rocky Point1226,200$275.00$12.21$2.92
Ronkonkoma815540,002$265.57$16.44$2.55
West Babylon1015208,466$263.77$19.98$3.07
Shirley4545,550$17.00$0.50
Westhampton Beach684,329$28.00
Yaphank162,167,246$17.77$2.21

# 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.