Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for October 2024

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


Average Listing Sale Price/Sq. Ft.
Sq. Ft.Oct 2020Oct 2022Oct 20244-yr Change2-yr Change
4k-10k204.57239.37275.4434.6%15.1%
10k-30k172.82220.66247.4943.2%12.2%
30k-70k152.29194.02236.7255.4%22.0%
70k-999k163.09206.94208.6727.9%0.8%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.Oct 2020Oct 2022Oct 20244-yr Change2-yr Change
4k-10k15.8117.4019.0720.6%9.6%
10k-30k14.1118.1718.5631.5%2.1%
30k-70k14.4916.1918.5127.7%14.3%
70k-999k14.3618.3620.3241.5%10.7%

Number of Listings for Sale
Sq. Ft.Oct 2020Oct 2022Oct 20244-yr Change2-yr Change
4k-10k1026552-49.0%-20.0%
10k-30k816669-14.8%4.5%
30k-70k382224-36.8%9.1%
70k-999k17513-23.5%160.0%
Totals238158158-33.6%0.0%

Number of Listings for Lease or Sublease
Sq. Ft.Oct 2020Oct 2022Oct 20244-yr Change2-yr Change
4k-10k190110184-3.2%67.3%
10k-30k14087139-0.7%59.8%
30k-70k51437547.1%74.4%
70k-999k34596797.1%13.6%
Totals41529946512.0%55.5%

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.)
Bethpage110549,600$271.48$20.96$3.03
East Rockaway3494,940$263.18$20.00$3.97
Freeport69170,993$261.83$24.74$3.12
Garden City18310,597$294.54$25.98$4.07
Garden City Park1269,498$350.00$20.00$6.34
Glen Cove48124,540$197.59$19.67$2.61
Glenwood Landing1349,100$207.55$16.63$3.60
Hempstead1553,749$215.08$20.17$10.72
Hicksville221530,637$301.05$19.90$5.12
Inwood112549,724$200.00$25.07$3.51
Island Park33105,188$251.41$22.98$3.10
New Hyde Park44217,614$273.16$17.86$3.81
Oceanside219162,463$198.62$21.78$4.44
Plainview112202,985$323.91$21.63$5.45
Port Washington34197,155$280.73$20.44$3.80
Syosset114228,300$319.35$21.67$4.47
Valley Stream4498,850$272.82$22.50$6.65
Westbury411460,453$266.63$19.58$3.60
Mineola7219,178$23.13$2.78
Rockville Centre419,257$14.85
Woodbury3178,967$23.00$6.73

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.)
Amityville814630,910$244.11$15.22$2.95
Bay Shore7181,173,775$264.28$15.09$2.51
Bellport3282,303$205.94$2.02
Bohemia519458,742$273.51$16.36$2.55
Brentwood16290,400$250.00$18.97$2.14
Center Moriches1318,334$191.30$20.67$2.10
Central Islip33227,548$242.95$16.28$3.54
Commack111389,240$304.47$20.75$2.55
Copiague68126,098$237.93$16.53$2.62
Deer Park623594,456$240.30$17.83$2.79
Edgewood14315,897$250.00$18.60$3.04
Farmingdale11451,154,089$273.27$19.35$3.05
Hauppauge7532,021,401$234.67$18.54$2.62
Holbrook319455,574$240.85$15.98$2.41
Holtsville2495,806$260.00$16.50$4.37
Huntington Station2445,982$233.38$16.17$2.66
Islandia15455,202$237.50$19.75$4.25
Islip2118,401$231.91$20.97$7.04
Lindenhurst4699,416$254.96$15.44$2.44
Medford510424,481$240.70$19.30$1.84
Melville2141,612,511$183.48$22.08$2.47
Riverhead2457,405$176.10$17.21$2.68
Rocky Point1226,200$275.00$12.21$2.92
Ronkonkoma815550,750$277.57$15.78$2.01
Smithtown2254,500$234.08$20.50$1.76
West Babylon1025254,330$272.30$20.57$3.12
Calverton6309,943$17.74$1.96
Shirley3331,900$20.00
Westhampton Beach789,011$27.67
Yaphank131,628,595$14.96$2.22

# 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.