Commercial Real Estate Market in East Elmhurst, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
2,007 active listings and 24,197 off-market properties in East Elmhurst, NY. Commercial property asks $1,645/SF to buy and $59.05/SF/Yr to lease.
Market Trends
East Elmhurst, NY spans 3.7 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in East Elmhurst, 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 East Elmhurst, 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 East Elmhurst, 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 East Elmhurst, 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
East Elmhurst, NY has 75,488 residents in 25,572 households. Density runs 20,277 people per square mile. Median household income here is $77,966 and median gross rent $2,023 a month.
75,488
Population
25,572
Households
3
Avg Household Size
37
Median Age
24%
College-Educated
78%
High-School Grad
3.7 sq mi
ZIP Area
20,277
Density / Sq Mi
$77,966
Median Household Income
$41,570
Median Earnings
$2,023
Median Rent
$784,842
Median Home Value
Tools
Lease vs Buy Breakeven
At $59.05/SF/Yr lease vs $1,645/SF buy → buying wins if held > 26 years.
At a 3.6% 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 |
|---|---|---|
| Flushing | — | $59.05 |
| Long Island City | — | $46.74 |
| Bronx | — | $45.49 |
| Jamaica | — | $44.46 |
Commercial property in East Elmhurst, NY asks $1,645/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in East Elmhurst?
Commercial property in East Elmhurst, NY asks an average of $1,645 per square foot. The 4 most recent recorded sales traded at a median of $557/SF, so asking sits 195% above the achieved median. Retail carries the highest asking price at $599/SF.
How much does it cost to lease commercial space in East Elmhurst?
Asking lease rates in East Elmhurst, NY average $59.05 per square foot per year.
Is it cheaper to lease or buy commercial space in East Elmhurst?
Buying beats leasing in East Elmhurst, NY if the property is held longer than 26.0 years, comparing $59.05/SF/Yr asking rent with $1,645/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 East Elmhurst market data come from?
Realmo compiles East Elmhurst, NY figures from 4 recent recorded sales, 1,507 active sale listings, 500 active lease listings, 24,197 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 1,507 active for-sale and 500 active for-lease listings in East Elmhurst, 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
