Queens, NY
Commercial Real Estate Market Trends & Data

$693 per SF Avg asking sale price
$50 per SF Avg asking lease rate
9,465 SF Avg unit lease size
12,156 SF Avg building size for sale
6.32% 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%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Queens $663 7,667 SF 9.64%
Ozone Park $476 3,775 SF 5.82%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Queens $485 20,337 SF 7.57%
Ozone Park $383 7,794 SF 6.00%
South Richmond Hill $528 6,357 SF 5.14%
Richmond Hill $466 8,347 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Queens $860 8,349 SF
South Ozone Park $952 6,278 SF
Ozone Park $453 6,894 SF
Howard Beach $1,563 6,774 SF
South Richmond Hill $829 6,271 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Queens $927 11,185 SF 14.28%
Richmond Hill $810 6,419 SF 5.85%
Jamaica $514 10,415 SF 11.62%
Kew Gardens $716 5,722 SF 6.22%
Briarwood $838 3,699 SF 5.85%

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

Restaurant / Club or Office for 69 max person

Whitestone, NY 11357

  • 2,000 SF Retail Building
  • $899,000
For Sale

40-12 67th St

Woodside, NY 11377

  • 5,229 SF Multifamily
  • $1,550,000
For Sale

13107 40th Rd

Flushing, NY 11354

  • 588,000 SF Office Building
  • $1,950,000
For Sale

13889 Francis Lewis Blvd

Rosedale, NY 11422

  • 5,500 SF Health Care Building
  • $3,499,000
For Sale

305 Wyckoff Ave

Brooklyn, NY 11237

  • 3,153 SF Retail Building
  • 4.58% Cap Rate
  • $2,300,000
For Sale

64-19 Myrtle Ave

Ridgewood, NY 11385

  • 6,000 SF Retail Building
  • $2,998,000

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 $693 12,156 SF
South Ozone Park $811 5,989 SF
Ozone Park $443 6,813 SF
Howard Beach $1,563 9,516 SF
South Richmond Hill $813 5,940 SF

Multifamily Properties For Sale in Queens

For Sale

Nexus Lic

Long Island City, NY 11101

  • 24,790 SF Multifamily
  • 5.05% Cap Rate
  • $1,288,000
For Sale

2427 Steinway St

Astoria, NY 11103

  • 8,892 SF Multifamily
  • 7.84% Cap Rate
  • $2,750,000
For Sale

1136 44th Dr

Long Island City, NY 11101

  • 10,644 SF Multifamily
  • 7.70% Cap Rate
  • $2,700,000
For Sale

33 Unit Package 155th Street, Flushing

Flushing, NY

  • $6,000,000
For Sale

122-15 25th Rd

Flushing, NY 11354

  • 14,565 SF Multifamily
  • 6.00% Cap Rate
  • $298,000 - $450,000
For Sale

The Neighborly

Long Island City, NY 11101

  • 78,500 SF Multifamily
  • $4,680,000
For Sale

150-15 Northern Blvd

Flushing, NY 11354

  • 5,097 SF Multifamily
  • $3,000,000
For Sale

35-02 Ditmars Blvd

Astoria, NY 11105

  • 4,500 SF Multifamily
  • $7,500,000

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.

Nearby Market Trends