Commercial Real Estate Market in Jamaica, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
877 active listings and 10,248 off-market properties in Jamaica, NY. Commercial property asks $1,058/SF to buy and $44.46/SF/Yr to lease.
Market Trends
Jamaica, NY spans 41.7 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Jamaica, 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 Jamaica, 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 Jamaica, 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 Jamaica, 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
Jamaica, NY has 791,140 residents in 263,540 households. Density runs 18,958 people per square mile. Median household income here is $89,591 and median gross rent $1,827 a month.
791,140
Population
263,540
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
41.7 sq mi
ZIP Area
18,958
Density / Sq Mi
$89,591
Median Household Income
$45,749
Median Earnings
$1,827
Median Rent
$659,361
Median Home Value
Tools
Lease vs Buy Breakeven
At $44.46/SF/Yr lease vs $1,058/SF buy → buying wins if held > 17.7 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 |
|---|---|---|
| Floral Park | — | $31.24 |
| Valley Stream | — | $23.75 |
| Meadowmere Park | — | — |
| Flushing | — | $59.55 |
Commercial property in Jamaica, NY asks $1,058/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Jamaica?
Commercial property in Jamaica, NY asks an average of $1,058 per square foot. The 6 most recent recorded sales traded at a median of $540/SF, so asking sits 96% above the achieved median. Retail carries the highest asking price at $599/SF.
How much does it cost to lease commercial space in Jamaica?
Asking lease rates in Jamaica, NY average $44.46 per square foot per year.
Is it cheaper to lease or buy commercial space in Jamaica?
Buying beats leasing in Jamaica, NY if the property is held longer than 17.7 years, comparing $44.46/SF/Yr asking rent with $1,058/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 Jamaica market data come from?
Realmo compiles Jamaica, NY figures from 6 recent recorded sales, 742 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 742 active for-sale and 135 active for-lease listings in Jamaica, 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
