Northeastern Queens Industrial

Northeastern Queens

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
2,830
As of: January 23, 2017

Northeastern Queens Rates

Most listings are in the $50's per square foot per year. The Northeastern Queens submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 25% rise in rent.

Compared to the rest of the New York City market, the Northeastern Queens region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northeastern Queens Listing Supply

In the last 90 days, 31 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Northeastern Queens 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,830 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1965 and are Class A.

Northeastern Queens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeastern Queens occupants. Commuting approximately 10 minutes 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 Northeastern Queens.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeastern Queens.
Research