Long Island City Commercial Real Estate

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48-18 Van Dam St - 2 Spaces Long Island City, New York City, NY  
Sep 25
2,390 - 2,410
sqft
Industrial Mixed Use Office Medical
42-26 13th St - 2 Spaces Long Island City, New York City, NY 17 foot ceiling height
Sep 23
1,300 - 3,480
sqft
Industrial Office
48-18 Van Dam St - Unit 6 (Floor 2) Long Island City, New York City, NY  
Sep 22
6,440
sqft
Industrial Mixed Use Office Medical
11-22 44th Rd - Space Long Island City, New York City, NY  
Sep 19
4,000
sqft
Office
37-18 Northern Blvd - Unit 202 (Floor 2) Sunnyside, New York City, NY  
Aug 29
1,450
sqft
Sublease Office
12-01 44th Ave - 2 Spaces Long Island City, New York City, NY divisible
Aug 28
11,000
sqft
Office Medical
38-10 29th St - Floor 3 Long Island City, New York City, NY rental rate negotiable
Aug 09
5,000
sqft
Industrial Mixed Use
10-29 48th Ave - Floor 2 Hunter's Point, New York, NY  
Jul 26
1,250
sqft
Office
47-09 30th St - Floor 5 Long Island City, New York City, NY  
Jul 26
4,000
sqft
Industrial Office

Long Island City

Market Report

Number of Listings
Posted in the last 90 days
52
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
7,540

Long Island City Rates

The typical asking rate per listing is in the $40's per square foot per year. The Long Island City submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 8% decline in rent.

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

Long Island City Listing Supply

In the last 90 days, 624 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available space in the Long Island City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 7,540 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1931 and are Class B.

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 market. 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