Long Island City Retail

Long Island City

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
14,780
As of: July 21, 2017

Long Island City Rates

On average, listings lease in the $40's per square foot per year. The Long Island City region is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the New York City market, the Long Island City region has lower rates, so you should have no trouble finding a great deal in this discounted 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 137% of the listings in the Long Island City are subleases, so you might be able to find a shorter term or below market rent. 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 16,890 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1931 and are Class A.

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 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