Garden City, NY
Commercial Real Estate Market Trends & Data

$462 Avg asking sale price
$31 Avg asking lease rate
11,007 SF Avg unit lease size
20,280 SF Avg building size for sale
6.93% Average cap rate

Garden City's Demographic Profile

Garden City has 7,824 households and a median income of $194,077, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 23,157
# Households 7,824
Median age 44
Median household income $194,077
Avg household size 3.0
Renter-occupied housing units 607
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Garden City, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Garden City $361 20,523 SF 8.74%
Mineola $283 11,518 SF 7.00%
Hempstead $333 21,942 SF 8.74%
East Williston $436 21,168 SF 6.24%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Garden City $292 39,215 SF 7.03%
Mineola $304 21,134 SF 6.25%
Hempstead $272 40,703 SF 7.03%
Nearby Retail Markets Avg Cost/SF Typical Size
Garden City $830 10,265 SF
Mineola $722 7,398 SF
Garden City Park $2,589 10,500 SF
Hempstead $268 14,777 SF
Carle Place $1,607 7,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Garden City $246 14,250 SF 5.31%
Mineola $246 14,250 SF 5.31%
Baldwin $573 9,650 SF 5.70%
Freeport $404 9,650 SF 5.70%

Commercial Properties For Sale in Garden City

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

146 E 2nd St

Mineola, NY 11501

  • 4,200 SF Industrial Building
  • 6.25% Cap Rate
  • $1,600,000
For Sale

CitiBank & The Vitamin Shoppe

Garden City, NY 11530

  • 7,000 SF Retail Building
  • 7.09% Cap Rate
  • $11,250,000
For Sale

1155-1157 Hempstead Tpke

Franklin Square, NY 11010

  • 8,400 SF Retail Building
  • 5.76% Cap Rate
  • $1,495,000
For Sale

273 Willis Ave

Mineola, NY 11501

  • 7,000 SF Retail Building
  • 6.50% Cap Rate
  • $3,575,000
For Sale

Medical/Office Condominium

Garden City, NY 11530

  • 55,665 SF Office Building
  • $1,188,000
For Sale

236-242 Fulton Ave

Hempstead, NY 11550

  • 36,000 SF Office Building
  • 8.74% Cap Rate
  • $4,375,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Garden City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Garden City $462 20,280 SF
Mineola $427 13,765 SF
Garden City Park $674 24,763 SF
Hempstead $311 24,764 SF

Regional Demographic Comparison

This comparison places Garden City alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Garden City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mineola 21,011 8,448 42 $116,645 3 3,709 -1%
Garden City South 3,617 1,224 44 $141,071 3 160 -4%
Garden City Park 7,622 2,373 44 $124,381 3 375 -3%
Hempstead 58,551 16,107 37 $75,700 3 9,822 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Garden City, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Garden City

View All Commercial Real Estate For Sale in Garden City
Is Garden City a good market for a first-time commercial real estate investor?

Garden City offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Garden City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Garden City. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Garden City?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Garden City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Garden City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Garden City. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Garden City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Garden City, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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