Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Dec 2017

Presented by Schacker Realty  631-293-3700
www.schackerrealty.com
Average Listing Price/Sq. Ft.
Sq. Ft. Dec 2015 Dec 2016 Dec 2017 2-year Change 1-year Change
4k-10k $154.86 $188.97 $200.97 29.8% 6.3%
11k-30k $119.48 $139.12 $186.20 55.8% 33.8%
31k-70k $97.75 $104.91 $138.84 42.0% 32.3%
71k-600k $119.81 $124.10 $135.33 13.0% 9.1%
Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Dec 2015 Dec 2016 Dec 2017 2-year Change 1-year Change
4k-10k $12.08 $13.15 $14.60 20.8% 11.0%
11k-30k $11.92 $12.27 $13.54 13.6% 10.3%
31k-70k $10.69 $11.87 $13.24 23.9% 11.5%
71k-600k $9.63 $11.44 $11.31 17.4% -1.2%
Number of Listings for Sale
Sq. Ft. Dec 2015 Dec 2016 Dec 2017 2-year Change 1-year Change
4k-10k 149 154 178 19.5% 15.6%
11k-30k 133 138 142 6.8% 2.9%
31k-70k 48 34 47 -2.1% 38.2%
71k-600k 24 22 20 -16.7% -9.1%
Total 354 348 387 9.3% 11.2%
Number of Listings for Lease or Sublease
Sq. Ft. Dec 2015 Dec 2016 Dec 2017 2-year Change 1-year Change
4k-10k 207 210 206 -0.5% -1.9%
11k-30k 155 158 174 12.3% 10.1%
31k-70k 63 58 54 -14.3% -6.9%
71k-600k 23 24 28 21.7% 16.7%
Total 448 450 462 3.1% 2.7%

                              
Listings For Sale Listings For Lease or Sublease Total Available Industrial Space Avg. Listing Sale Price Avg. Listing Lease Price Average Listing RE Taxes
                              
Nassau Warehouse, Manufacturing, Lab, and Storage Spaces
Bethpage 2 5  117,418 Sq. Ft. $515.22 $14.60
Carle Place 2 0  31,000 Sq. Ft. $156.29 $6.81
Floral Park 3 2  24,265 Sq. Ft. $240.80 $12.41 $5.96
Freeport 18 11  457,560 Sq. Ft. $130.80 $12.05 $4.25
Garden City 5 3  172,860 Sq. Ft. $133.44 $22.64 $4.86
Garden City Park 2 0  25,240 Sq. Ft. $166.20 $7.50
Hempstead 12 2  142,865 Sq. Ft. $176.52 $15.49 $4.17
Hicksville 5 19  322,153 Sq. Ft. $193.03 $13.27 $4.03
Inwood 4 8  114,238 Sq. Ft. $120.81 $16.69 $2.81
Mineola 8 6  287,436 Sq. Ft. $122.83 $19.06 $4.52
New Hyde Park 13 6  280,767 Sq. Ft. $209.11 $13.73 $4.72
Oceanside 12 14  233,536 Sq. Ft. $166.31 $13.24 $4.68
Oyster Bay 1 0  5,840 Sq. Ft. $222.60 $3.21
Plainview 6 17  327,868 Sq. Ft. $205.71 $14.71 $5.68
Port Washington 4 4  358,589 Sq. Ft. $134.56 $14.59 $4.98
Rockville Centre 4 1  34,097 Sq. Ft. $194.05 $14.00 $4.48
Syosset 2 15  361,477 Sq. Ft. $124.84 $13.48 $2.70
Valley Stream 4 5  77,870 Sq. Ft. $159.11 $14.32 $6.46
West Hempstead 1 1  20,000 Sq. Ft. $212.50 $9.00 $4.90
Westbury 9 15  413,674 Sq. Ft. $148.53 $14.71 $4.24
Woodbury 0 3  34,735 Sq. Ft. $12.00
                              
Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Amityville 5 7  148,660 Sq. Ft. $118.72 $10.18 $3.19
Bay Shore 13 15  362,455 Sq. Ft. $121.09 $10.58 $3.47
Bellport 6 3  125,633 Sq. Ft. $111.60 $11.73 $1.76
Bohemia 6 28  322,459 Sq. Ft. $124.77 $10.50 $2.93
Calverton 2 3  91,928 Sq. Ft. $321.75 $7.01 $1.97
Central Islip 4 2  130,600 Sq. Ft. $80.09 $9.02 $3.60
Commack 4 5  287,327 Sq. Ft. $145.16 $10.37 $2.36
Copiague 17 12  250,759 Sq. Ft. $136.28 $12.70 $3.09
Deer Park 12 20  350,578 Sq. Ft. $118.27 $11.18 $2.47
East Setauket 5 4  108,025 Sq. Ft. $141.03 $15.06 $2.74
Edgewood 0 7  414,325 Sq. Ft. $12.00 $1.47
Farmingdale 24 37  825,502 Sq. Ft. $154.51 $12.58 $3.68
Hauppauge 20 29  1,359,593 Sq. Ft. $141.81 $10.34 $2.50
Holbrook 5 10  116,497 Sq. Ft. $89.29 $12.08 $2.16
Holtsville 0 5  70,015 Sq. Ft. $9.28 $1.85
Huntington Station 8 6  102,637 Sq. Ft. $132.06 $13.61 $2.29
Islandia 6 5  114,950 Sq. Ft. $154.05 $10.41 $3.39
Islip 5 2  67,498 Sq. Ft. $122.06 $14.00 $3.72
Lindenhurst 6 3  105,396 Sq. Ft. $115.55 $9.75 $2.65
Medford 6 11  152,948 Sq. Ft. $146.64 $13.07 $2.89
Melville 4 10  870,754 Sq. Ft. $199.33 $13.03 $2.22
Patchogue 11 7  181,419 Sq. Ft. $132.02 $8.34 $3.05
Riverhead 6 3  115,550 Sq. Ft. $130.91 $13.52 $2.23
Ronkonkoma 17 29  586,500 Sq. Ft. $133.68 $10.48 $2.27
West Babylon 13 11  242,581 Sq. Ft. $147.13 $12.55 $3.79
Wyandanch 0 4  196,980 Sq. Ft. $8.50
Yaphank 14 9  710,364 Sq. Ft. $119.12 $9.81 $1.77
                              
# 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.