Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for September 2024

Long Island Industrial, Warehouse, and Manufacturing Property Market Trends
Presented by Schacker Realty 631-293-3700
www.schackerrealty.com


Average Listing Sale Price/Sq. Ft.
Sq. Ft.Sep 2020Sep 2022Sep 20244-yr Change2-yr Change
4k-10k205.04238.61273.1333.2%14.5%
10k-30k174.47218.79249.1042.8%13.9%
30k-70k152.37195.51238.0856.3%21.8%
70k-999k160.72206.94208.2029.5%0.6%

Average Listing Rent/Sq. Ft. (Including RE Taxes)
Sq. Ft.Sep 2020Sep 2022Sep 20244-yr Change2-yr Change
4k-10k15.7017.3518.8720.2%8.8%
10k-30k13.7218.1318.6836.2%3.0%
30k-70k14.4315.8718.7730.1%18.3%
70k-999k14.4718.2219.8237.0%8.8%

Number of Listings for Sale
Sq. Ft.Sep 2020Sep 2022Sep 20244-yr Change2-yr Change
4k-10k1016554-46.5%-16.9%
10k-30k806867-16.3%-1.5%
30k-70k361819-47.2%5.6%
70k-999k15512-20.0%140.0%
Totals232156152-34.5%-2.6%

Number of Listings for Lease or Sublease
Sq. Ft.Sep 2020Sep 2022Sep 20244-yr Change2-yr Change
4k-10k204110181-11.3%64.5%
10k-30k13897136-1.4%40.2%
30k-70k53427337.7%73.8%
70k-999k36606991.7%15.0%
Totals4313094596.5%48.5%

Nassau Warehouse, Manufacturing, Lab, and Storage Spaces
CityListings for SaleListings for Lease or SubleaseTotal Available Industrial Space (Sq. Ft.)Avg. Listing Sale Price (/Sq. Ft.)Avg. Listing Lease Price (/Sq. Ft.)Avg. Listing RE Taxes (/Sq. Ft.)
East Rockaway3491,340$263.18$20.00$3.50
Freeport68165,693$261.83$26.24$3.12
Garden City18310,431$294.54$25.98$4.07
Garden City Park1371,498$350.00$17.50$6.34
Glen Cove48124,540$197.59$19.67$2.61
Glenwood Landing1349,100$207.55$16.82$3.60
Hempstead1455,989$215.08$19.62$10.72
Hicksville219526,522$301.05$19.80$5.12
Inwood18326,400$200.00$25.07$3.51
Island Park3293,348$251.41$24.47$3.10
Lynbrook2231,200$233.52$20.50$4.97
New Hyde Park44211,406$273.16$17.86$3.69
Oceanside216158,536$198.62$20.47$4.42
Plainview115221,075$323.91$20.27$5.62
Port Washington14193,555$266.37$20.44$4.18
Syosset115243,300$319.35$21.67$4.42
Valley Stream4385,850$272.82$6.65
Westbury410459,883$266.63$19.81$3.60
Bethpage10539,100$20.89
Mineola5212,634$24.18$2.78
Rockville Centre419,257$14.85
Woodbury3178,967$23.00$6.73

Suffolk Warehouse, Manufacturing, Lab, and Storage Spaces
CityListings for SaleListings for Lease or SubleaseTotal Available Industrial Space (Sq. Ft.)Avg. Listing Sale Price (/Sq. Ft.)Avg. Listing Lease Price (/Sq. Ft.)Avg. Listing RE Taxes (/Sq. Ft.)
Amityville813700,177$256.24$15.22$3.18
Bay Shore6171,226,372$258.31$14.70$2.56
Bellport2257,103$213.67$2.10
Bohemia521417,118$273.51$16.52$2.51
Brentwood17300,400$250.00$17.77$2.14
Center Moriches1318,334$191.30$20.67$2.10
Central Islip33229,293$245.03$15.86$3.54
Commack111389,240$304.47$20.75$2.55
Copiague66106,598$238.45$16.79$2.62
Deer Park520556,802$238.69$18.07$2.73
Edgewood15315,897$250.00$18.07$2.51
Farmingdale12481,212,686$269.76$19.36$2.98
Hauppauge5512,107,204$239.51$18.28$2.57
Holbrook319457,574$240.85$15.92$2.41
Holtsville2380,806$260.00$15.50$4.37
Huntington Station2334,482$233.38$16.50$2.66
Islandia16460,202$237.50$18.33$4.25
Islip2118,393$233.92$18.00$9.07
Lindenhurst4482,166$254.96$15.92$2.44
Medford49442,180$263.04$19.65$1.48
Melville2161,935,113$183.48$21.89$2.42
Riverhead2457,405$176.10$17.21$2.68
Rocky Point1226,200$275.00$12.21$2.92
Ronkonkoma716540,193$269.67$15.67$1.95
Smithtown2159,500$234.08$19.00$1.76
West Babylon1124255,558$279.48$21.71$3.14
Calverton6309,943$17.74$1.96
Shirley3331,900$20.00
Westhampton Beach789,011$27.67
Yaphank141,631,095$14.97$2.22

# About Schacker Realty
Schacker Real Estate Corp. is a Long Island commercial & industrial real estate firm specializing in Nassau County commercial properties, office space, industrial space, and warehouse space & Suffolk County commercial properties, office space, industrial space, and warehouse space.

Whether you’re looking to buy, purchase, sell, lease, or sublease industrial space, office space, warehouse space, or any other commercial real estate in North Hempstead, Hempstead, Islip, Huntington, Babylon, Oyster Bay, Smithtown, or Brookhaven, or Long Island, the brokers at Schacker Realty are the experts. Schacker Realty services Brooklyn and Queens as well.

All information is subject to errors, omissions, modification, and withdrawal. Measurements may be estimates and information shown should not be relied without independent verification. Properties on this web site are not listed exclusively with Schacker Realty unless specifically labeled as an exclusive listing.