Long Island City Industrial

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Ingram & Hebron Realty
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38-10 29th St - Floor 3 Long Island City, New York City, NY rental rate negotiable
Aug 09
5,000
sqft
Industrial Mixed Use
47-09 30th St - Floor 5 Long Island City, New York City, NY  
Jul 26
4,000
sqft
Industrial Office
38-04 48th St - Space Long Island City, New York City, NY Onsite Parking.
Jun 26
5,000
sqft
Industrial Office Retail
10-11 40th Ave - Space Long Island City, New York City, NY  
Apr 17
4,000
sqft
Office Retail Industrial
10-10 40th Ave - Space Long Island City, New York City, NY  
Apr 17
3,600
sqft
Office Retail Industrial

Long Island City

Market Report

Number of Listings
Posted in the last 90 days
51
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
7,270

Long Island City Rates

Most listings are in the $40's per square foot per year. The Long Island City submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the New York City market, the Long Island City region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Long Island City Listing Supply

In the last 90 days, 624 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Long Island City are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,270 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1931 and are Class A.

Long Island City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Long Island City residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Long Island City.
Research