Long Island City Industrial

Long Island City

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
15,000
As of: May 22, 2017

Long Island City Rates

Most listings are in the $50's per square foot per year. The Long Island City submarket is going through a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 14% increase in rent.

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

Long Island City Listing Supply

In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 7% 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 available, so finding a space for a small business might be tough.

Even though the median size is 16,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. 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 region. 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.
Research