Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Mar 2015
Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Mar 2015
Presented by Schacker Realty  631-293-3700
www.schackerrealty.com
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Average Listing Price/Sq. Ft.
Sq. Ft. Mar 2014 Feb 2015 Mar 2015 Annual Change Monthly Change
4k-20k $121.85 $126.12 $126.71 4.0% 0.5%
20k-50k $88.00 $92.42 $90.29 2.6% -2.3%
50k-600k $90.94 $78.19 $78.88 -13.3% 0.9%
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Average Listing Rent/Sq. Ft. (including RE Taxes)
Sq. Ft. Mar 2014 Feb 2015 Mar 2015 Annual Change Monthly Change
4k-20k $10.54 $11.06 $11.26 6.8% 1.8%
20k-50k $9.95 $9.88 $10.02 0.7% 1.4%
50k-600k $9.31 $10.17 $11.08 19.1% 8.9%
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Number of Listings for Sale
Sq. Ft. Mar 2014 Feb 2015 Mar 2015 Annual Change Monthly Change
4k-20k 313 247 255 -18.5% 3.2%
20k-50k 113 99 94 -16.8% -5.1%
50k-600k 48 38 37 -22.9% -2.6%
Total 474 384 386 -18.6% 0.5%
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Number of Listings for Lease or Sublease
Sq. Ft. Mar 2014 Feb 2015 Mar 2015 Annual Change Monthly Change
4k-20k 532 369 364 -31.6% -1.4%
20k-50k 161 127 120 -25.5% -5.5%
50k-600k 63 45 47 -25.4% 4.4%
Total 756 541 531 -29.8% -1.8%

 

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 6 7  217,795 Sq. Ft. $201.69 $12.96 $5.72
Garden City Park 4 2  103,501 Sq. Ft. $140.10 $13.47 $5.32
Hempstead 8 5  104,116 Sq. Ft. $96.93 $12.44 $4.10
Freeport 17 12  291,210 Sq. Ft. $87.69 $10.65 $4.90
Westbury 9 17  439,396 Sq. Ft. $103.61 $10.04 $4.46
Oceanside 21 27  659,067 Sq. Ft. $101.28 $10.10 $3.59
Hicksville 12 27  752,634 Sq. Ft. $127.00 $10.09 $5.28
Bethpage 1 8  563,808 Sq. Ft. $68.00 $10.56 $3.29
Syosset 3 18  472,587 Sq. Ft. $113.50 $11.65 $3.53
Plainview 4 19  386,076 Sq. Ft. $143.53 $12.30 $4.91
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Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
Melville 2 9  390,983 Sq. Ft. $124.30 $14.00 $1.86
Farmingdale 26 42  925,210 Sq. Ft. $109.37 $10.90 $2.98
West Babylon 14 11  292,228 Sq. Ft. $112.12 $9.01 $2.87
Deer Park 15 14  428,360 Sq. Ft. $90.22 $8.25 $2.70
Hauppauge 24 47  1,789,155 Sq. Ft. $116.38 $9.78 $2.52
Edgewood 1 4  319,120 Sq. Ft. $115.00 $2.67
Bay Shore 15 16  920,187 Sq. Ft. $83.17 $7.60 $2.43
Islandia 9 5  323,073 Sq. Ft. $106.31 $9.40 $2.44
Bohemia 12 16  275,776 Sq. Ft. $118.51 $8.87 $2.23
Ronkonkoma 17 40  1,008,377 Sq. Ft. $96.78 $9.53 $2.45
Holbrook 6 13  367,114 Sq. Ft. $78.61 $8.99 $1.65
Calverton 3 2  162,321 Sq. Ft. $125.15 $4.94 $1.00
Yaphank 5 6  228,130 Sq. Ft. $92.59 $7.16 $2.57
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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.