Long Island City Retail

Long Island City

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
8,000
As of: December 6, 2016

Long Island City Rates

The typical asking rate per listing is in the $50's per square foot per year. The Long Island City submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 31% 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, 27 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 8,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1930 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 market. 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