Commercial Real Estate Market in Hollis, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
881 active listings and 10,248 off-market properties in Hollis, NY. Commercial property asks $1,065/SF to buy and $44.46/SF/Yr to lease.
Market Trends
Hollis, NY spans 1.4 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hollis, 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 Hollis, 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 Hollis, 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 Hollis, 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
Hollis, NY has 31,985 residents in 10,307 households. Density runs 22,726 people per square mile. Median household income here is $80,870 and median gross rent $1,706 a month.
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,726
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
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 |
|---|---|---|
| Jamaica | — | $44.46 |
| Floral Park | — | $31.24 |
| New Hyde Park | — | — |
| Valley Stream | — | $23.75 |
Commercial property in Hollis, NY asks $1,065/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hollis?
Commercial property in Hollis, 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 Hollis?
Asking lease rates in Hollis, NY average $44.46 per square foot per year.
Is it cheaper to lease or buy commercial space in Hollis?
Buying beats leasing in Hollis, 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 Hollis market data come from?
Realmo compiles Hollis, NY figures from 6 recent recorded sales, 746 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 746 active for-sale and 135 active for-lease listings in Hollis, 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
