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. |