Find Long Island City commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Long Island City commercial real estate broker in Long Island City's Top Broker Directory. Learn about Long Island City commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
On average, commerial real estate listings lease in the $50's per square foot per year. The Long Island City submarket is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $7 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Long Island City submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 624 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Long Island City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 3,500 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built around 1931 and are Class B.
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 area. Commute by motorcycle is the most popular way to get to work amongst Long Island City occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Long Island City.
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