Northwest Queens
New York - NY USA - Industrial Submarket
Industrial real estate intelligence for the Northwest Queens submarket. 33.9M SF of inventory with 11.9% vacancy. Data sourced from various MLS platforms.
33.9MSF
Inventory
4.3MSF
Available
11.9%
Vacancy
12.6%
Availability Rate
$31.38
Asking Rent
-0.4%
Rent Growth
203KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
654K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$474
Cap Rate
5.8%%
12mo Sales Volume
$258,754,200
Sales Vol Growth
87.1%
Asset Value
$16,039,563,331
Net Absorption
+203K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 8425 N 114th St | $2.6M | 232,663 | |
| Houston One | - | 118,248 | Safanad |
| Multi-Property Sale | - | 232,663 | |
| Multi-Property Sale | - | 232,663 | |
| EWR2-D | $96.6M | 209,000 | W.P. Carey Inc. |
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 |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
| 500 Commack Rd | 36,552 | $14.75 - 18.03 (Est.) | Steel Equities |
| 1360 Drake Park S | 24,794 | $15.75 - 19.25 (Est.) | Mestousis Realty Corp |
Data Centre Development Potential
High vacancy (11.9%) in Northwest Queens may indicate availability of conversion-ready industrial buildings for data centre development. Positive net absorption of 203K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in New York - NY USA
Evaluating Northwest 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.