Central Queens
New York - NY USA - Industrial Submarket
Industrial real estate intelligence for the Central Queens submarket. 22.7M SF of inventory with 4% vacancy. Data sourced from various MLS platforms.
22.7MSF
Inventory
1.3MSF
Available
4%
Vacancy
5.8%
Availability Rate
$27.95
Asking Rent
-0.6%
Rent Growth
71KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$447
Cap Rate
5.7%%
12mo Sales Volume
$87,990,492
Sales Vol Growth
-40.9%
Asset Value
$10,154,441,416
Net Absorption
+71K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Peraton | $46.3M | 195,965 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| PHX01 | $44.3M | 135,160 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| PHX04 | $23.2M | 53,000 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| PHX02 | $7.9M | 24,092 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| 55 Marietta Data Center | $50.0M | 403,000 | RadiusDC |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Four Overlook Point | 863,403 | $21.87 - 26.73 (Est.) | Woodcrest Capital LLC |
| CityPlex Towers 20, 30, & 60 | 350,444 | $14.00 - 19.00 | Oral Roberts University |
| South Building | 610,624 | $5.25 - 15.00 | UNPPG |
| 570 Commerce Blvd | 80,866 | $13.71 - 16.75 (Est.) | Russo Development |
| 1300 S 7th St | 17,740 | $5.34 - 15.12 | Vance Kemege |
Data Centre Development Potential
Moderate vacancy (4%) in Central Queens suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 71K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in New York - NY USA
Evaluating Central Queens for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.