Queens Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 4, 2022

Average price/sqft


-13% YoY

Sales volume


-67% YoY



-37% YoY

Total sqft


-61% YoY

There were a total of 254 transactions, representing a Y-o-Y decrease of 37%. The average price per square foot in Quarter 4, 2022 was $406, a change of -13% Y-o-Y.

Average Commercial Sale Price Per Square Feet

Queens commercial real estate price per square foot in Quarter 4, 2022 was $406, down by 13% Y-o-Y.

Commercial Transactions in Queens

Queens commercial real estate transactions in Quarter 4, 2022 was 254, down by 37% Y-o-Y.

Commercial sales volume in Queens

Queens commercial real estate sales volume in Quarter 4, 2022 was $723.1M, down by 67% Y-o-Y.

Total sqft of Commercial properties sold in Queens

Queens commercial real estate total square feet in Quarter 4, 2022 was 1.8M, down by 61% Y-o-Y.

Queens Commercial Sales Volume by property type

Recent Significant Sales

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

Top Boroughs in New York City

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

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

See also

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