For Sale
Long Island City, NY
Commercial Real Estate Market Trends & Data
$629 per SF
Avg asking sale price
$44 per SF
Avg asking lease rate
12,565 SF
Avg unit lease size
15,239 SF
Avg building size for sale
6.11%
Average cap rate
Long Island City's Demographic Profile
Long Island City has 111,785 households and a median income of $91,856, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 248,031 |
| # Households | 111,785 |
| Median age | 38 |
| Median household income | $91,856 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 95,617 |
| 5-year population change | -3% |
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↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Long Island City | $673 | 19,183 SF | 5.32% |
| Woodside | $417 | 4,564 SF | 7.31% |
| Sunnyside | $464 | 9,407 SF | 7.31% |
| Jackson Heights | $814 | 4,976 SF | 6.81% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Long Island City | $733 | 23,892 SF | 7.57% |
| Astoria | $530 | 23,520 SF | 7.57% |
| Woodside | $526 | 13,596 SF | 7.57% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Long Island City | $915 | 9,651 SF |
| Astoria | $925 | 9,258 SF |
| Woodside | $742 | 6,862 SF |
| Sunnyside | $695 | 3,921 SF |
| Jackson Heights | $900 | 8,923 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Long Island City | $548 | 11,193 SF | 8.53% |
| Astoria | $556 | 9,169 SF | 8.53% |
| Woodside | $626 | 7,782 SF | 7.77% |
| Sunnyside | $450 | 7,424 SF | 7.77% |
| Jackson Heights | $401 | 11,623 SF | 8.50% |
Commercial Properties For Sale in Long Island City
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Long Island City pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Long Island City | $629 | 15,239 SF |
| Astoria | $630 | 13,391 SF |
| Woodside | $515 | 8,906 SF |
| Sunnyside | $489 | 10,248 SF |
| Jackson Heights | $666 | 10,036 SF |
Multifamily Properties For Sale in Long Island City
For Sale
Regional Demographic Comparison
This comparison places Long Island 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 Long Island City or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Long Island City | 248,031 | 111,785 | 38 | $91,856 | 2 | 95,617 | -3% |
| Astoria | 151,922 | 67,283 | 39 | $84,053 | 2 | 56,433 | -5% |
| Woodside | 86,100 | 30,707 | 41 | $66,745 | 3 | 22,003 | -6% |
| Sunnyside | 47,937 | 19,857 | 41 | $74,377 | 2 | 16,255 | -3% |
| Jackson Heights | 71,612 | 26,136 | 44 | $63,770 | 3 | 16,854 | -2% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Long Island 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 Long Island City
View All Commercial Real Estate For Sale in Long Island City
Is Long Island City a good market for a first-time commercial real estate investor?
Long Island 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 Long Island City?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Long Island 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 Long Island City?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Long Island City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Long Island City compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Long Island 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 Long Island City acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Long Island 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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