Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Dec 2016

Presented by Schacker Realty  631-293-3700

www.schackerrealty.com

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Average Listing Price/Sq. Ft.
Sq. Ft. Dec 2014 Dec 2015 Dec 2016 2-year Change 1-year Change
4k-10k $144.51 $154.86 $188.97 30.8% 22.0%
11k-30k $117.50 $119.48 $139.12 18.4% 16.4%
31k-70k $91.11 $97.75 $104.91 15.2% 7.3%
71k-600k $98.74 $119.81 $124.10 25.7% 3.6%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Dec 2014 Dec 2015 Dec 2016 2-year Change 1-year Change
4k-10k $11.39 $12.08 $13.15 15.5% 8.9%
11k-30k $10.76 $11.92 $12.27 14.1% 3.0%
31k-70k $9.58 $10.69 $11.87 24.0% 11.1%
71k-600k $9.63 $9.63 $11.44 18.8% 18.8%
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Number of Listings for Sale
Sq. Ft. Dec 2014 Dec 2015 Dec 2016 2-year Change 1-year Change
4k-10k 162 149 154 -4.9% 3.4%
11k-30k 145 133 138 -4.8% 3.8%
31k-70k 60 48 34 -43.3% -29.2%
71k-600k 24 24 22 -8.3% -8.3%
Total 391 354 348 -11.0% -1.7%
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Number of Listings for Lease or Sublease
Sq. Ft. Dec 2014 Dec 2015 Dec 2016 2-year Change 1-year Change
4k-10k 255 207 210 -17.6% 1.4%
11k-30k 189 155 158 -16.4% 1.9%
31k-70k 75 63 58 -22.7% -7.9%
71k-600k 24 23 24 0.0% 4.3%
Total 543 448 450 -17.1% 0.4%

 

 

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 16 6  281,360 Sq. Ft. $206.22 $14.13 $5.24
Garden City Park 1 1  74,280 Sq. Ft. $140.00 $12.00 $3.69
Hempstead 12 2  116,152 Sq. Ft. $130.37 $12.50 $3.62
Freeport 20 11  423,980 Sq. Ft. $109.48 $12.09 $4.29
Westbury 13 17  436,039 Sq. Ft. $153.18 $12.64 $3.72
Oceanside 11 19  302,423 Sq. Ft. $111.45 $14.69 $3.91
Hicksville 7 20  494,141 Sq. Ft. $154.82 $12.44 $4.48
Bethpage 1 5  274,858 Sq. Ft. $16.52 $7.67
Syosset 4 13  359,272 Sq. Ft. $172.86 $14.19 $3.52
Plainview 4 16  288,652 Sq. Ft. $181.10 $14.07 $4.82
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 1 14  559,509 Sq. Ft. $156.00 $11.88 $1.94
Farmingdale 17 44  793,932 Sq. Ft. $158.64 $13.45 $3.38
West Babylon 15 12  244,869 Sq. Ft. $110.80 $8.53 $3.36
Deer Park 9 15  207,822 Sq. Ft. $196.97 $10.43 $4.08
Hauppauge 20 25  1,264,184 Sq. Ft. $126.53 $9.51 $2.44
Edgewood 0 8  438,005 Sq. Ft. $10.00
Bay Shore 10 8  337,433 Sq. Ft. $101.81 $8.46 $3.43
Islandia 3 7  51,848 Sq. Ft. $162.87 $10.38 $4.17
Bohemia 9 28  355,619 Sq. Ft. $151.17 $9.64 $2.88
Ronkonkoma 9 25  466,272 Sq. Ft. $111.39 $9.15 $2.43
Holbrook 7 15  493,258 Sq. Ft. $86.43 $9.79 $1.73
Calverton 1 2  84,695 Sq. Ft. $155.68 $4.00 $1.89
Yaphank 14 8  664,342 Sq. Ft. $120.74 $7.27 $2.24
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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.