2024 Office Space Rent & Sales
- $36.69 2024 Avg. Asking Rent
- -3.09% Y-o-Y Avg. Asking Rent Change
- 15.42% 2024 Office Vacancy Rate
Garden City office price per square foot in 2024 was $36.69 on average. This marked a -3.09% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.42% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- New York Class A & A+ Office Space$59.04
- New York Class B Office Space$43.55
- New York Class C Office Space$35.67
Garden City, NY Office Asking Rents by Class
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2024 Office Construction in Garden City, NY
| Office building | Address | SF | Completed |
|---|---|---|---|
| Franklin Avenue Plaza - 1225 Franklin Avenue | 1225 Franklin Avenue, 11530 | 198,066 | 1980 |
| Franklin Avenue Plaza - 1325 Franklin Avenue | 1325 Franklin Avenue, 11530 | 198,066 | 1979 |
| Franklin Avenue Plaza - 1305 Franklin Avenue | 1305 Franklin Avenue, 11530 | 54,120 | 1979 |
| Garden City Plaza | 200 Garden City Plaza, 11530 | 125,000 | 1971 |
| 500 Old Country Road | 500 Old Country Road, 11530 | 48,380 | 1966 |
| 112-114 7th St | 112-114 7th St, 11530 | 6,600 | 1962 |
| 1415 Kellum Place | 1415 Kellum Place, 11530 | 89,598 | 1953 |
Worth noting among recent office completions on the Garden City market is Franklin Avenue Plaza - 1225 Franklin Avenue, which is currently the largest new office development in the city, at 198,066 square feet.
See reports for other markets
- Manhattan Office Rent Price
- Brooklyn Office Rent Price
- Albany Office Rent Price
- Buffalo Office Rent Price
- Melville Office Rent Price
- White Plains Office Rent Price
- Hauppauge Office Rent Price
- Rochester Office Rent Price
- Philadelphia Office Rent Price
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- Danbury Office Rent Price
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- Atlanta Office Rent Price
- Chicago Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Garden City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.