Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for May 2016 |
|||||
Presented by Schacker Realty 631-293-3700 |
|||||
. | |||||
Average Listing Price/Sq. Ft. | |||||
Sq. Ft. | May 2015 | Apr 2016 | May 2016 | Annual Change | Monthly Change |
4k-10k | $149.08 | $159.71 | $156.89 | 5.2% | -1.8% |
11k-30k | $113.92 | $128.64 | $129.94 | 14.1% | 1.0% |
31k-70k | $93.04 | $99.48 | $96.68 | 3.9% | -2.8% |
71k-600k | $98.65 | $117.99 | $118.47 | 20.1% | 0.4% |
. | |||||
Average Listing Rent/Sq. Ft. (including RE Taxes) | |||||
Sq. Ft. | May 2015 | Apr 2016 | May 2016 | Annual Change | Monthly Change |
4k-10k | $11.72 | $12.10 | $12.81 | 9.3% | 5.9% |
11k-30k | $10.98 | $11.96 | $12.13 | 10.5% | 1.4% |
31k-70k | $9.95 | $11.66 | $11.58 | 16.4% | -0.7% |
71k-600k | $11.41 | $9.31 | $9.52 | -16.5% | 2.3% |
. | |||||
Number of Listings for Sale | |||||
Sq. Ft. | May 2015 | Apr 2016 | May 2016 | Annual Change | Monthly Change |
4k-10k | 167 | 156 | 147 | -12.0% | -5.8% |
11k-30k | 150 | 138 | 128 | -14.7% | -7.2% |
31k-70k | 59 | 44 | 41 | -30.5% | -6.8% |
71k-600k | 24 | 24 | 25 | 4.2% | 4.2% |
Total | 400 | 362 | 341 | -14.8% | -5.8% |
. | |||||
Number of Listings for Lease or Sublease | |||||
Sq. Ft. | May 2015 | Apr 2016 | May 2016 | Annual Change | Monthly Change |
4k-10k | 243 | 223 | 211 | -13.2% | -5.4% |
11k-30k | 191 | 145 | 135 | -29.3% | -6.9% |
31k-70k | 83 | 57 | 55 | -33.7% | -3.5% |
71k-600k | 20 | 24 | 25 | 25.0% | 4.2% |
Total | 537 | 449 | 426 | -20.7% | -5.1% |
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 | 11 | 7 | 259,932 Sq. Ft. | $182.05 | $14.05 | $4.63 |
Garden City Park | 1 | 2 | 86,280 Sq. Ft. | $134.24 | $13.14 | $3.57 |
Hempstead | 10 | 3 | 85,724 Sq. Ft. | $122.20 | $12.25 | $3.79 |
Freeport | 16 | 9 | 288,128 Sq. Ft. | $98.27 | $11.37 | $4.58 |
Westbury | 7 | 13 | 199,138 Sq. Ft. | $145.57 | $13.97 | $4.31 |
Oceanside | 15 | 17 | 403,311 Sq. Ft. | $109.11 | $13.46 | $4.70 |
Hicksville | 9 | 17 | 498,109 Sq. Ft. | $150.54 | $11.29 | $5.76 |
Bethpage | 0 | 7 | 329,347 Sq. Ft. | – | $13.77 | $5.48 |
Syosset | 3 | 14 | 432,314 Sq. Ft. | $179.00 | $12.75 | $3.45 |
Plainview | 6 | 14 | 330,107 Sq. Ft. | $157.45 | $13.31 | $4.82 |
. | ||||||
Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces | ||||||
Melville | 1 | 10 | 426,065 Sq. Ft. | $132.92 | $16.32 | $1.69 |
Farmingdale | 34 | 33 | 1,135,849 Sq. Ft. | $117.38 | $12.39 | $2.98 |
West Babylon | 17 | 11 | 218,112 Sq. Ft. | $109.35 | $9.50 | $3.59 |
Deer Park | 11 | 19 | 522,017 Sq. Ft. | $104.57 | $9.67 | $3.13 |
Hauppauge | 16 | 34 | 1,299,680 Sq. Ft. | $125.24 | $9.45 | $2.56 |
Edgewood | 1 | 5 | 349,560 Sq. Ft. | $125.00 | – | $2.52 |
Bay Shore | 15 | 17 | 1,484,479 Sq. Ft. | $100.03 | $8.83 | $2.97 |
Islandia | 4 | 7 | 227,700 Sq. Ft. | $115.94 | $10.26 | $2.67 |
Bohemia | 16 | 22 | 399,119 Sq. Ft. | $127.35 | $9.45 | $2.58 |
Ronkonkoma | 12 | 22 | 370,028 Sq. Ft. | $110.65 | $9.59 | $2.78 |
Holbrook | 6 | 14 | 601,467 Sq. Ft. | $82.62 | $9.28 | $1.54 |
Calverton | 1 | 1 | 75,821 Sq. Ft. | $511.44 | $3.00 | n/a |
Yaphank | 7 | 5 | 182,916 Sq. Ft. | $168.69 | $7.84 | $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. |