Commercial Real Estate Market in Far Rockaway, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
125 active listings and 1,690 off-market properties in Far Rockaway, NY. Commercial property asks $646/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Far Rockaway, NY spans 9.7 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Far Rockaway, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Far Rockaway, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Far Rockaway, 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 vacancy in Far Rockaway, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Far Rockaway, NY has 133,809 residents in 52,371 households. Density runs 13,770 people per square mile. Median household income here is $68,509 and median gross rent $1,480 a month.
133,809
Population
52,371
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
82%
High-School Grad
9.7 sq mi
ZIP Area
13,770
Density / Sq Mi
$68,509
Median Household Income
$45,864
Median Earnings
$1,480
Median Rent
$659,064
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Meadowmere Park | — | — |
| Valley Stream | — | $23.75 |
Commercial property in Far Rockaway, NY asks $646/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Far Rockaway?
Commercial property in Far Rockaway, NY asks an average of $646 per square foot. The 6 most recent recorded sales traded at a median of $429/SF, so asking sits 51% above the achieved median.
How much does it cost to lease commercial space in Far Rockaway?
Asking lease rates in Far Rockaway, NY average $30.00 per square foot per year.
Where does Realmo's Far Rockaway market data come from?
Realmo compiles Far Rockaway, NY figures from 6 recent recorded sales, 108 active sale listings, 17 active lease listings, 1,690 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 108 active for-sale and 17 active for-lease listings in Far Rockaway, 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
