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

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


Average Listing Sale Price/Sq. Ft.
Sq. Ft.Nov 2019Nov 2021Nov 20234-yr Change2-yr Change
4k-10k197.93214.08254.6328.6%18.9%
10k-30k169.42190.44236.3639.5%24.1%
30k-70k158.09171.49212.0534.1%23.7%
70k-999k154.85208.16218.4341.1%4.9%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.Nov 2019Nov 2021Nov 20234-yr Change2-yr Change
4k-10k14.6416.4217.6220.4%7.3%
10k-30k13.6314.9718.0032.1%20.2%
30k-70k14.0715.4117.8126.6%15.6%
70k-999k14.3715.6420.0239.3%28.0%

Number of Listings for Sale
Sq. Ft.Nov 2019Nov 2021Nov 20234-yr Change2-yr Change
4k-10k986951-48.0%-26.1%
10k-30k997460-39.4%-18.9%
30k-70k342722-35.3%-18.5%
70k-999k13125-61.5%-58.3%
Totals244182138-43.4%-24.2%

Number of Listings for Lease or Sublease
Sq. Ft.Nov 2019Nov 2021Nov 20234-yr Change2-yr Change
4k-10k204122122-40.2%0.0%
10k-30k12787120-5.5%37.9%
30k-70k47447253.2%63.6%
70k-999k304370133.3%62.8%
Totals408296384-5.9%29.7%

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 Rockaway3491,340$272.31$18.67$3.50
Freeport98195,911$215.93$21.46$3.94
Garden City18175,090$300.00$22.33$3.60
Glen Cove29228,618$178.32$14.62$1.35
Hempstead2252,128$225.30$15.74$3.50
Hicksville116382,087$324.50$19.58$4.16
Inwood15246,500$200.00$23.45$3.28
Locust Valley2137,300$222.33$17.00$
Lynbrook2237,336$200.68$24.50$5.20
Massapequa1212,650$325.93$35.60$4.15
Mineola25233,186$293.82$21.33$5.02
New Hyde Park18171,534$210.60$19.75$3.62
Oceanside215137,417$160.86$17.00$12.08
Plainview36136,778$261.67$22.00$4.80
Port Washington15237,105$297.50$18.82$4.56
Rockville Centre1522,735$265.00$15.11$
Syosset112169,591$319.35$21.78$3.91
Valley Stream6292,026$269.66$6.16
Westbury415563,084$248.55$21.14$4.44
Bethpage7371,454$20.50$
Garden City Park329,700$20.45$
Woodbury4179,170$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.)
Amityville110748,899$201.61$15.01$3.39
Bay Shore122906,662$199.47$14.35$2.35
Bellport4275,873$248.68$2.48
Bohemia714364,864$271.71$15.27$5.45
Brentwood16216,000$146.00$16.40$2.19
Calverton210615,772$169.34$12.44$1.97
Copiague3336,890$215.75$19.48$2.75
Deer Park519578,684$226.20$15.87$2.68
East Setauket2140,600$
Edgewood25426,118$237.34$18.00$2.88
Farmingdale8341,072,766$274.62$18.45$3.28
Hauppauge5291,650,628$266.09$18.54$2.62
Holbrook512174,909$207.64$15.92$2.26
Holtsville3360,655$241.88$15.65$2.61
Huntington Station3377,307$217.52$15.00$2.98
Lindenhurst5466,927$207.14$20.61$2.55
Medford4151,141,224$294.03$17.95$1.29
Patchogue42113,500$164.72$12.00$2.41
Port Jefferson Station2223,800$187.20$17.00$2.44
Riverhead25118,534$210.31$14.98$3.18
Ronkonkoma415794,947$272.16$15.12$2.36
Saint James1221,217$206.97$21.18$3.18
Shirley181,320,550$333.33$17.00$0.50
West Babylon99160,550$247.99$18.61$3.26
Yaphank1122,105,896$287.66$18.76$1.18
Bayport3296,969$13.92$2.42
Center Moriches36,834$20.67$
Central Islip3175,293$15.35$3.25
Commack8360,150$20.35$2.88
Islandia6207,524$15.50$
Melville162,595,343$20.15$2.03
Port Jefferson35,928$14.00$
Remsenburg39,700$17.33$
Westhampton Beach8121,831$26.71$

# 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.