Northeast Queens
New York - NY USA - Industrial Submarket
Industrial real estate intelligence for the Northeast Queens submarket. 14.6M SF of inventory with 7.6% vacancy. Data sourced from various MLS platforms.
14.6MSF
Inventory
1.2MSF
Available
7.6%
Vacancy
8.1%
Availability Rate
$30.86
Asking Rent
-0.4%
Rent Growth
21KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
440K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$470
Cap Rate
5.7%%
12mo Sales Volume
$265,951,758
Sales Vol Growth
49.0%
Asset Value
$6,871,779,005
Net Absorption
+21K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Skybox Austin | - | 141,000 | Buyer 1 GI Partners | Buyer 2 Skybox Datacenters |
| Anderson Bldg | $4.5M | 47,350 | Gregory Realty GP |
| 1780 Jet Stream Dr (Part of a 8 Property Portfolio) | $4.4M | 14,617 | APWireless |
| EWR2-D | $96.6M | 209,000 | W.P. Carey Inc. |
| Prime Ohio Corporate Park | $3.4M | 67,868 | 5C Data Centers |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 570 Commerce Blvd | 80,866 | $13.71 - 16.75 (Est.) | Russo Development |
| The Falchi Building | 272,217 | $23.00 | Savanna Real Estate Fund |
| 2149 Queens Chapel Rd NE | 15,086 | $11.00 | Ali Hassani |
| 951 Wendell Blvd | 58,216 | $9.50 | VISHAY MEASUREMENTS GROUP INC |
| Building 3.4 | 28,800 | $11.26 - 13.76 (Est.) | KFG Investment Company |
Data Centre Development Potential
Moderate vacancy (7.6%) in Northeast Queens suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 21K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in New York - NY USA
Evaluating Northeast Queens for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.