Long Island City Office Space

Long Island City

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
18,300
As of: June 24, 2017

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 seeing a a rise in rates. In the last 3 months, the median rate rose $46 per sqft per year.

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

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 123% of the listings in the Long Island City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 18,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region 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 area. 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 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