Long Island City Industrial

Long Island City

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Long Island City Rates

The typical asking rate per listing is in the $40's per square foot per year. The Long Island City region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.

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

Long Island City Listing Supply

In the last 90 days, 19 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Long Island City are subleases, so you will probably have to focus your search on direct office leases. 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 6,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1930 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 market. 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.

Market Report

Trends and status of the commercial real estate market in Long Island City.
Market Report

Market Data

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