Queens Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 3, 2023


Median price/sqft

$402

-4% YoY


Sales volume

$624.3M

-38.5% YoY


Transactions

243

-26.6% YoY


Total sqft

1.5M

-45.4% YoY

There were a total of 243 transactions, down 26.6% compared to the same period last year. The median price per square foot in Quarter 3, 2023 was $402, a change of -4% Y-o-Y.

Median Commercial Sale Price Per Square Feet

Queens commercial real estate price per square foot in Quarter 3, 2023 was $402, down by 4% Y-o-Y.

Commercial Transactions in Queens

Queens commercial real estate transactions in Quarter 3, 2023 was 243, down by 26.6% Y-o-Y.

Commercial Sales Volume in Queens

Queens commercial real estate sales volume in Quarter 3, 2023 was $624.3M, down by 38.5% Y-o-Y.

Total sqft of Commercial Properties Sold in Queens

Queens commercial real estate total square feet in Quarter 3, 2023 was 1.5M, down by 45.4% Y-o-Y.

Queens Commercial Sales Volume by Property Type

Recent Significant Sales

Property Address Submarket Sale Date Price Square Feet Price/Sqft Package Deal

Top Boroughs in New York City

Queens median price per sqft compared with other boroughs in New York City

Submarket Borough Median sale price/sqft Transactions Sales volume Total sqft

See also

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