Market Overview for Quarter 1, 2022
In total, 29 industrial deals closed, for a gain of 81% compared to the same period last year. The average price per square foot in Quarter 1, 2022 was $320, a change of -32% Y-o-Y.
Queens industrial real estate price per square foot in Quarter 1, 2022 was $320, down by 32% Y-o-Y.
Queens industrial real estate transactions in Quarter 1, 2022 was 29, up by 81% Y-o-Y.
Queens industrial real estate sales volume in Quarter 1, 2022 was $364.2M, up by 331% Y-o-Y.
Queens industrial real estate total square feet in Quarter 1, 2022 was 1.1M, up by 535% Y-o-Y.
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|
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