Commercial Real Estate Market in Island Park, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 308 off-market properties in Island Park, NY. Commercial property asks $969/SF to buy and $39.27/SF/Yr to lease.
Market Trends
Island Park, NY spans 1.5 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Island Park, 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 Island Park, 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 Island Park, 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 Island Park, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Island Park, NY has 8,954 residents in 3,317 households. Density runs 6,031 people per square mile. Median household income here is $109,443 and median gross rent $2,212 a month.
8,954
Population
3,317
Households
2.7
Avg Household Size
44
Median Age
36%
College-Educated
93%
High-School Grad
1.5 sq mi
ZIP Area
6,031
Density / Sq Mi
$109,443
Median Household Income
$62,091
Median Earnings
$2,212
Median Rent
$601,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barnum Island | — | — |
| East Rockaway | — | — |
| East Atlantic Beach | — | $35.16 |
Commercial property in Island Park, NY asks $969/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Island Park?
Commercial property in Island Park, NY asks an average of $969 per square foot. The 6 most recent recorded sales traded at a median of $283/SF, so asking sits 242% above the achieved median.
How much does it cost to lease commercial space in Island Park?
Asking lease rates in Island Park, NY average $39.27 per square foot per year.
Where does Realmo's Island Park market data come from?
Realmo compiles Island Park, NY figures from 7 recent recorded sales, 9 active sale listings, 8 active lease listings, 308 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 9 active for-sale and 8 active for-lease listings in Island Park, 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
