Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Aug 2015

Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Aug 2015

Presented by Schacker Realty  631-293-3700

www.schackerrealty.com

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Average Listing Price/Sq. Ft.
Sq. Ft. Aug 2014 Jul 2015 Aug 2015 Annual Change Monthly Change
4k-20k $124.20 $126.50 $126.71 2.0% 0.2%
20k-50k $91.91 $94.32 $101.19 10.1% 7.3%
50k-600k $92.09 $87.04 $95.67 3.9% 9.9%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Aug 2014 Jul 2015 Aug 2015 Annual Change Monthly Change
4k-20k $10.81 $11.68 $11.69 8.1% 0.1%
20k-50k $9.93 $10.25 $10.43 5.0% 1.8%
50k-600k $9.36 $11.44 $11.45 22.3% 0.1%
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Number of Listings for Sale
Sq. Ft. Aug 2014 Jul 2015 Aug 2015 Annual Change Monthly Change
4k-20k 280 272 278 -0.7% 2.2%
20k-50k 92 98 95 3.3% -3.1%
50k-600k 41 35 36 -12.2% 2.9%
Total 413 405 409 -1.0% 1.0%
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Number of Listings for Lease or Sublease
Sq. Ft. Aug 2014 Jul 2015 Aug 2015 Annual Change Monthly Change
4k-20k 437 360 355 -18.8% -1.4%
20k-50k 139 124 115 -17.3% -7.3%
50k-600k 60 43 41 -31.7% -4.7%
Total 636 527 511 -19.7% -3.0%

 

Listings For Sale Listings For Lease or Sublease Total Available Industrial Space Avg. Listing Sale Price Avg. Listing Lease Price Average Listing RE Taxes
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Nassau Warehouse, Manufacturing, Lab, and Storage Spaces
New Hyde Park 14 10  284,398 Sq. Ft. $183.22 $13.18 $5.02
Garden City Park 4 2  103,501 Sq. Ft. $140.70 $13.47 $5.50
Hempstead 8 9  219,444 Sq. Ft. $121.18 $13.01 $2.99
Freeport 18 13  332,392 Sq. Ft. $85.07 $10.62 $4.77
Westbury 13 19  415,378 Sq. Ft. $137.97 $11.49 $4.63
Oceanside 16 27  567,630 Sq. Ft. $94.35 $9.87 $3.67
Hicksville 10 27  724,317 Sq. Ft. $137.22 $10.15 $4.72
Bethpage 0 3  189,369 Sq. Ft. $14.38 $2.97
Syosset 3 15  528,585 Sq. Ft. $112.50 $12.01 $3.50
Plainview 6 18  426,759 Sq. Ft. $123.25 $12.24 $4.88
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 3 7  375,580 Sq. Ft. $127.83 $13.78 $1.84
Farmingdale 33 36  1,083,486 Sq. Ft. $111.88 $11.24 $3.02
West Babylon 14 12  227,592 Sq. Ft. $115.40 $9.97 $3.06
Deer Park 14 18  445,645 Sq. Ft. $103.48 $8.62 $2.72
Hauppauge 25 44  1,720,857 Sq. Ft. $122.70 $8.95 $2.56
Edgewood 2 9  519,750 Sq. Ft. $124.38 $2.60
Bay Shore 19 13  828,599 Sq. Ft. $101.39 $9.02 $2.79
Islandia 8 7  316,484 Sq. Ft. $104.84 $9.58 $2.44
Bohemia 13 22  299,926 Sq. Ft. $120.30 $8.75 $2.23
Ronkonkoma 15 30  685,187 Sq. Ft. $102.80 $9.74 $2.89
Holbrook 7 13  303,902 Sq. Ft. $88.98 $9.78 $1.78
Calverton 2 3  131,821 Sq. Ft. $259.84 $4.28
Yaphank 4 6  193,775 Sq. Ft. $105.56 $7.16 $2.74
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# 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.