Queens, NY
Commercial Real Estate Market Trends & Data

$648 Avg asking sale price
$537 Avg asking lease rate
15,508 SF Avg unit lease size
12,169 SF Avg building size for sale
6.31% Average cap rate

Queens's Demographic Profile

Queens has 775,069 households and a median income of $75,353, providing context for rent absorption and tenant demand across retail and multifamily assets. A -7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 2,201,136
# Households 775,069
Median age 42
Median household income $75,353
Avg household size 3.0
Renter-occupied housing units 469,946
5-year population change -7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Queens, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Queens $701 8,110 SF 20.50%
South Ozone Park $600 2,916 SF 7.72%
Ozone Park $583 4,863 SF 5.49%
Nearby Retail Markets Avg Cost/SF Typical Size
Queens $719 8,328 SF
South Ozone Park $537 9,636 SF
Ozone Park $530 4,583 SF
South Richmond Hill $600 5,029 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Queens $561 9,177 SF 9.64%
Ozone Park $175 11,424 SF 6.88%
Richmond Hill $588 6,288 SF 5.98%
Jamaica $462 8,577 SF 9.64%
Woodhaven $389 8,336 SF 10.04%

Commercial Properties For Sale in Queens

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

Vacant Queens Industrial Opportunity

Woodside, NY 11377

  • 5,500 SF Industrial Building
  • Auction Sale
For Sale

55-44 97th Pl

Corona, NY 11368

  • 11,870 SF Multifamily
  • 6.98% Cap Rate
  • $4,500,000
For Sale

Union Center

Flushing, NY 11354

  • 133,000 SF Office Building
  • $945,000 - $2,370,000
For Sale

2516-2518 Francis Lewis Blvd

Flushing, NY

  • Office Building
  • $3,276,000
For Sale

The Pinnacle Condominium

Forest Hills, NY 11375

  • 468,546 SF Multifamily
  • $929.00
For Sale

Corner, 118k ZFA Development Site

Jamaica, NY 11432

  • 0.38 AC Lot
  • 1 Commercial Lot
  • $11,750,000

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 Queens pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Queens $648 12,169 SF
South Ozone Park $524 7,390 SF
Ozone Park $466 5,589 SF
South Richmond Hill $594 5,500 SF

Multifamily Properties For Sale in Queens

For Sale

55-44 97th Pl

Corona, NY 11368

  • 11,870 SF Multifamily
  • 6.98% Cap Rate
  • $4,500,000
For Sale

River Bridge Tower

Long Island City, NY 11101

  • 41,342 SF Multifamily
  • 5.22% Cap Rate
  • $30,000,000
For Sale

4512 111th St

Corona, NY 11368

  • 4,999 SF Multifamily
  • 8.57% Cap Rate
  • $1,699,000
For Sale

10430 39th Ave

Corona, NY 11368

  • 6,250 SF Multifamily
  • 6.00% Cap Rate
  • $1,950,000
For Sale

136-46 41st Ave

Flushing, NY 11355

  • 41,574 SF Multifamily
  • $820,000 - $1,400,000
For Sale

41-01 69th Street

Woodside, NY 11377

  • 9,600 SF Multifamily
  • 4.38% Cap Rate
  • $2,799,000
For Sale

21-45 23rd St

Astoria, NY 11105

  • 8,597 SF Multifamily
  • $3,300,000
For Sale

Newly Built Jamaica Estates Mixed-Use

Jamaica, NY 11432

  • 35,391 SF Multifamily
  • 6.50% Cap Rate
  • $15,950,000

Regional Demographic Comparison

This comparison places Queens 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 Queens or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Queens 2,201,136 775,069 42 $75,353 3 469,946 -7%
South Ozone Park 54,668 15,591 42 $85,641 3 6,262 -11%
Ozone Park 46,609 13,494 39 $78,690 3 7,524 -12%
Howard Beach 24,377 9,527 48 $80,695 3 2,637 -7%
South Richmond Hill 36,406 10,291 42 $82,491 3 5,640 -12%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Queens, 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 Queens

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

Queens 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 Queens?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Queens. 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 Queens?

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

How does Queens compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Queens. 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 Queens acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Queens, 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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