Queens Industrial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 1, 2023

Median price/sqft


-3.9% YoY

Sales volume


44.2% YoY



-25% YoY

Total sqft


1.4% YoY

There were a total of 21 transactions, down 25% compared to the same period last year. The median price per square foot in Quarter 1, 2023 was $452, a change of -3.9% Y-o-Y.

Median Industrial Sale Price Per Square Feet

Queens industrial real estate price per square foot in Quarter 1, 2023 was $452, down by 3.9% Y-o-Y.

Industrial Transactions in Queens

Queens industrial real estate transactions in Quarter 1, 2023 was 21, down by 25% Y-o-Y.

Industrial Sales Volume in Queens

Queens industrial real estate sales volume in Quarter 1, 2023 was $514.0M, up by 44.2% Y-o-Y.

Total sqft of Industrial Properties Sold in Queens

Queens industrial real estate total square feet in Quarter 1, 2023 was 1.2M, up by 1.4% Y-o-Y.

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

See also

Fair use and redistribution

We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.


PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.