Commercial Real Estate Market in Little Neck, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,993 active listings and 24,197 off-market properties in Little Neck, NY. Commercial property asks $1,642/SF to buy and $59.55/SF/Yr to lease.
Market Trends
Little Neck, NY spans 2.9 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Little Neck, 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 Little Neck, 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 Little Neck, 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 Little Neck, 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
Little Neck, NY has 25,347 residents in 10,636 households. Density runs 8,617 people per square mile. Median household income here is $116,670 and median gross rent $2,459 a month.
25,347
Population
10,636
Households
2.4
Avg Household Size
48
Median Age
53%
College-Educated
92%
High-School Grad
2.9 sq mi
ZIP Area
8,617
Density / Sq Mi
$116,670
Median Household Income
$64,081
Median Earnings
$2,459
Median Rent
$743,955
Median Home Value
Tools
Lease vs Buy Breakeven
At $59.55/SF/Yr lease vs $1,642/SF buy → buying wins if held > 25.4 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 |
|---|---|---|
| Great Neck | — | $43.35 |
| New Hyde Park | — | — |
| North Hills | — | — |
| Floral Park | — | $31.24 |
Commercial property in Little Neck, NY asks $1,642/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Little Neck?
Commercial property in Little Neck, NY asks an average of $1,642 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 Little Neck?
Asking lease rates in Little Neck, NY average $59.55 per square foot per year.
Is it cheaper to lease or buy commercial space in Little Neck?
Buying beats leasing in Little Neck, NY if the property is held longer than 25.4 years, comparing $59.55/SF/Yr asking rent with $1,642/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 Little Neck market data come from?
Realmo compiles Little Neck, NY figures from 4 recent recorded sales, 1,496 active sale listings, 497 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 1,496 active for-sale and 497 active for-lease listings in Little Neck, 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
