Market Overview for Quarter 3, 2024
Median price/sqft
7.3% YoY
Sales volume
-22.9% YoY
Transactions
-6.1% YoY
Total sqft
-15.6% YoY
In total, 245 commercial deals closed, a decline of 6.1% compared to the same period last year. The median price per square foot in Quarter 3, 2024 was $434, a change of 7.3% Y-o-Y.
Queens commercial real estate price per square foot in Quarter 3, 2024 was $434, up by 7.3% Y-o-Y.
Queens commercial real estate transactions in Quarter 3, 2024 was 245, down by 6.1% Y-o-Y.
Queens commercial real estate sales volume in Quarter 3, 2024 was $663.3M, down by 22.9% Y-o-Y.
Queens commercial real estate total square feet in Quarter 3, 2024 was 1.6M, down by 15.6% 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 |
|---|
Discover market trends in other boroughs in New York City
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