Commercial Real Estate Market in Bellerose, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
880 active listings and 10,248 off-market properties in Bellerose, NY. Commercial property asks $1,065/SF to buy and $44.46/SF/Yr to lease.
Market Trends
Bellerose, NY spans 1.4 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Bellerose, NY asks $450/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Bellerose, NY asks $599/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Bellerose, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Bellerose, NY asks $511/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Bellerose, NY has 19,343 residents in 6,813 households. Density runs 14,091 people per square mile. Median household income here is $107,591 and median gross rent $2,158 a month.
19,343
Population
6,813
Households
2.8
Avg Household Size
43
Median Age
44%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
14,091
Density / Sq Mi
$107,591
Median Household Income
$57,622
Median Earnings
$2,158
Median Rent
$676,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $44.46/SF/Yr lease vs $1,065/SF buy → buying wins if held > 18.1 years.
At a 4.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Hyde Park | — | — |
| Floral Park | — | $31.24 |
| Great Neck | — | $43.35 |
| Franklin Square | — | — |
Commercial property in Bellerose, NY asks $1,065/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bellerose?
Commercial property in Bellerose, NY asks an average of $1,065 per square foot. The 6 most recent recorded sales traded at a median of $540/SF, so asking sits 97% above the achieved median. Retail carries the highest asking price at $599/SF.
How much does it cost to lease commercial space in Bellerose?
Asking lease rates in Bellerose, NY average $44.46 per square foot per year.
Is it cheaper to lease or buy commercial space in Bellerose?
Buying beats leasing in Bellerose, NY if the property is held longer than 18.1 years, comparing $44.46/SF/Yr asking rent with $1,065/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Bellerose market data come from?
Realmo compiles Bellerose, NY figures from 6 recent recorded sales, 745 active sale listings, 135 active lease listings, 10,248 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 745 active for-sale and 135 active for-lease listings in Bellerose, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
