Queens Retail

Queens

Office Space Market Report

Number of Listings (last 90 days)
141
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,750
As of: December 2, 2016

Queens Office Space

This easternmost borough encompasses the most land out of the other four boroughs in New York City and ranks second in population behind Manhattan at just over 2,200,000 residents. In all of the United States, it is the fourth most populated county. While these statistics set the borough apart and make it unique, the most notable aspect about this city is its diversity.

The title of the most ethnically diverse urban area in the world belongs to Queens. Out of its population of over 2.2 million, 48% of it is made up of residents who are foreign-born with a representation of well over 100 nations and 100 languages. The economic composition and commercial locations are almost as diverse as its population.

Office space for rent in Queens ranges in price from $18 per square foot to $65 with the square footage for each available office ranging from 500 to 58,000.

Queens at a Glance

One of the very first European settlements was settled by the Dutch and the English in the mid 17th century as a part of the New Netherland colony. Queens County was one of the first twelve counties established in New York State in the late 17th century, mainly around 1683. Queens was a name given to this twelfth county in honor of Catharine of Braganza who was serving as Queen of England at the time. The area was a major part of American History because of the role it held throughout the American Revolution. In 1776, Queens was under the occupation of the British and their soldiers used public inns and barren buildings as barracks.

Significant history doesn’t elude Queens and neither does a plethora of present things to do. Locals and tourists both often attest to the fact that there are at least 101 fun filled things to do in this city. People frequently find themselves birding at Jamaica Bay, biking through Spaghetti Park across Cross Island Parkway and Little Neck Bay to get to Fort Trotten, going beer tasting at Bohemian Hall’s beer garden, and sailing to Flushing Meadows Marina; these are just a few things offered for entertainment in Queens.

Public transportation to these places and more is serviced by the MTA 7 line, G line, E line, and F line.

Queens Real Estate

Huge renovations are being blueprinted to transform what is largely considered New York’s least distinguished skyline. One of the major renovations is Citibank Building, a 500-foot-tall skyscraper to be completely constructed in 2016, guaranteed to put the commonly overlooked real estate market on the map. While commercial buildings are being constructed to change the lens in which Queens is perceived, many residential buildings are relatively the same. Homes are listed with average prices ranging from $179,000 to $900,000.

Market Report

Trends and status of the commercial real estate market in Queens.
Market Report

Market Data

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