|
Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Jul 2016 |
|||||
|
Presented by Schacker Realty 631-293-3700 |
|||||
| . | |||||
| Average Listing Price/Sq. Ft. | |||||
| Sq. Ft. | Jul 2014 | Jul 2015 | Jul 2016 | 2-year Change | 1-year Change |
| 4k-10k | $138.02 | $150.06 | $163.87 | 18.7% | 9.2% |
| 11k-30k | $114.71 | $115.98 | $128.91 | 12.4% | 11.1% |
| 31k-70k | $87.61 | $92.47 | $97.97 | 11.8% | 5.9% |
| 71k-600k | $92.39 | $104.54 | $118.68 | 28.5% | 13.5% |
| . | |||||
| Average Listing Rent/Sq. Ft. (including RE Taxes) | |||||
| Sq. Ft. | Jul 2014 | Jul 2015 | Jul 2016 | 2-year Change | 1-year Change |
| 4k-10k | $11.19 | $12.03 | $12.86 | 14.9% | 6.9% |
| 11k-30k | $10.53 | $11.15 | $12.16 | 15.4% | 9.1% |
| 31k-70k | $9.26 | $10.08 | $10.93 | 18.1% | 8.4% |
| 71k-600k | $9.08 | $11.99 | $9.62 | 5.9% | -19.8% |
| . | |||||
| Number of Listings for Sale | |||||
| Sq. Ft. | Jul 2014 | Jul 2015 | Jul 2016 | 2-year Change | 1-year Change |
| 4k-10k | 181 | 178 | 150 | -17.1% | -15.7% |
| 11k-30k | 142 | 147 | 131 | -7.7% | -10.9% |
| 31k-70k | 68 | 58 | 35 | -48.5% | -39.7% |
| 71k-600k | 26 | 22 | 26 | 0.0% | 18.2% |
| Total | 417 | 405 | 342 | -18.0% | -15.6% |
| . | |||||
| Number of Listings for Lease or Sublease | |||||
| Sq. Ft. | Jul 2014 | Jul 2015 | Jul 2016 | 2-year Change | 1-year Change |
| 4k-10k | 315 | 243 | 201 | -36.2% | -17.3% |
| 11k-30k | 209 | 186 | 141 | -32.5% | -24.2% |
| 31k-70k | 87 | 78 | 52 | -40.2% | -33.3% |
| 71k-600k | 31 | 20 | 25 | -19.4% | 25.0% |
| Total | 642 | 527 | 419 | -34.7% | -20.5% |
| 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 | ||||||
| New Hyde Park | 12 | 5 | 269,956 Sq. Ft. | $195.72 | $13.66 | $4.83 |
| Garden City Park | 1 | 2 | 86,280 Sq. Ft. | $140.00 | $13.14 | $3.69 |
| Hempstead | 10 | 4 | 104,317 Sq. Ft. | $124.42 | $13.43 | $3.25 |
| Freeport | 17 | 8 | 307,343 Sq. Ft. | $103.97 | $11.52 | $4.67 |
| Westbury | 11 | 10 | 221,873 Sq. Ft. | $156.81 | $14.11 | $3.50 |
| Oceanside | 13 | 15 | 339,311 Sq. Ft. | $118.61 | $14.50 | $4.95 |
| Hicksville | 9 | 16 | 420,958 Sq. Ft. | $150.54 | $12.62 | $6.02 |
| Bethpage | 0 | 7 | 277,210 Sq. Ft. | – | $12.80 | #DIV/0! |
| Syosset | 3 | 10 | 315,836 Sq. Ft. | $195.53 | $13.00 | $3.47 |
| Plainview | 5 | 18 | 360,358 Sq. Ft. | $158.25 | $13.02 | $4.75 |
| . | ||||||
| Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces | ||||||
| Melville | 1 | 10 | 452,815 Sq. Ft. | $132.92 | $11.37 | $1.76 |
| Farmingdale | 28 | 37 | 949,931 Sq. Ft. | $121.24 | $13.57 | $3.20 |
| West Babylon | 18 | 10 | 253,714 Sq. Ft. | $108.80 | $9.20 | $3.47 |
| Deer Park | 7 | 14 | 254,141 Sq. Ft. | $136.22 | $10.41 | $3.23 |
| Hauppauge | 22 | 37 | 1,558,175 Sq. Ft. | $123.78 | $9.30 | $2.54 |
| Edgewood | 1 | 3 | 355,100 Sq. Ft. | $125.00 | $9.75 | $2.52 |
| Bay Shore | 14 | 15 | 799,429 Sq. Ft. | $113.89 | $8.97 | $3.21 |
| Islandia | 2 | 2 | 55,700 Sq. Ft. | $140.05 | $10.89 | $2.99 |
| Bohemia | 16 | 24 | 399,846 Sq. Ft. | $127.16 | $9.20 | $2.49 |
| Ronkonkoma | 8 | 23 | 385,600 Sq. Ft. | $111.21 | $9.58 | $3.16 |
| Holbrook | 6 | 14 | 601,620 Sq. Ft. | $82.93 | $9.36 | $1.54 |
| Calverton | 1 | 1 | 75,821 Sq. Ft. | $511.44 | $4.00 | #DIV/0! |
| Yaphank | 9 | 7 | 591,802 Sq. Ft. | $117.61 | $7.39 | $2.71 |
| . | ||||||
| . | ||||||
| # 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. | ||||||