Queens, NY Office Space for Lease or Rent

Queens, NY - Office Market Overview

The Queens borough of New York City includes the Forest Hills, Hunters Point, and Jamaica commercial real estate submarkets. With a population of over 2.3 million, Queens is the largest of the five boroughs of New York City. Office space demand in Queens is strong due to the borough being adjacent to both Manhattan and the Bronx.

As of mid-2017, the office market in Queens contains 41 office & mixed-use properties larger than 50,000 square feet. The commercial real estate market in Queens, N.Y., is driven by a robust mix of trade & transportation, healthcare, and large corporate office users.

Queens, NY - Office Inventory Description

If Queens were an independent city and not a borough of New York, it would be the fourth-largest city in the U.S. after Los Angeles, Chicago, and Brooklyn. Because of its sheer size, Queens contributes significantly to the $1.2 trillion annual gross metropolitan product of the New York City region.

There is a tremendous amount of investment-grade office property of all sizes in Queens. Some of the larger office buildings include 58-33 57th Dr, the office properties at 40-29 27th Street and 4501 Northern Boulevard, and 8900 Sutphin Boulevard.

Queens, NY Commercial Inventory Breakdown

Office Spaces

Total: 19,176,600 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

50k to 100k SF: 3,647,750 SF / 19.02% of total office
100k to 500k SF: 10,310,090 SF / 53.76% of total office
500k to 1M SF: 2,659,650 SF / 13.87% of total office
> 1M SF: 2,559,110 SF / 13.34% of total office

By class:

Class A: 9,331,808 SF / 48.66% of total office
Class B: 9,844,792 SF / 51.34% of total office

Top 10 Largest Office Buildings

in Queens

Office building	Address	Sqft	Year built
One Court Square	1 Court Square, 11101	1,359,110	1990
The Jacx	28-07 Jackson Avenue, 11101	1,200,000	2019
BridgePlaza TechCentre	27-01 Queens Plaza North, 11101	711,236	2003
The Falchi Building	31-00 47th Avenue, 11101	711,194	1987
Two Gotham Center	42-01 28th Street, 11101	671,400	2011
Queens Atrium Corporate Center - 30-30 Thomson Avenue	30-30 Thomson Avenue, 11101	565,820	1985
Two Court Square	2 Court Square, 11101	490,000	2006
Bulova Corporate Center	75-20 Astoria Blvd South, 11370	480,000	1985
Queens Atrium Corporate Center - 30-20 Thomson Avenue	30-20 Thomson Avenue, 11101	466,582	1985
LeFrak City - 59-17 Junction Blvd	59-17 Junction Blvd, 11373	454,645	1970

Most Recently-Built Office Buildings

in Queens

Office building	Address	Sqft	Year built
Flushing Commons Office Building	136-35 39th Avenue, 11354	164,000	2017
The Box Factory	1519 Decatur Street, 11385	65,837	2017
Apple Building	30-30 Northern Blvd, 11101	213,000	2016
The Bindery	30-02 48th Avenue, 11101	163,986	2016
33-02 Skillman Avenue	33-02 Skillman Avenue, 11101	99,000	2016
16-16 Whitestone Expwy	16-16 Whitestone Expwy, 11357	59,727	2015
Studio Square	35-37 36th Street, 11106	39,542	2015
50-02 5th Street	50-02 5th Street, 11101	52,000	2014
133-14 41st Avenue	133-14 41st Avenue, 11355	29,100	2014
The Cigar Factory	35-11 9th Street, 11106	119,701	2012

Queens, NY - Green Office Space

Over the past 12 years, the amount of green office space in the top 30 U.S. office markets has increased by about seven times. According to the 2017 National Green Building Adoption Index, in 2005 the percentage of green office space compared to the total available office inventory was less than 5%. Now, a dozen years later, that percentage has increased to about 38% across these top U.S. office markets.

Although the existing green office space in Queens doesn't place the borough as a top 30 market, there are some excellent examples of LEED-certified and EPA Energy Star-rated office buildings in Queens, New York. One such example in Queens is CitiGroup's 22nd floor at 1 Court Square. With over 26,000 square feet of LEED Gold-certified office space, this entire floor received high scorecard ratings for energy & atmosphere, indoor environmental quality, water efficiency, and innovation in design.

Another fine example is the TD Bank retail branch at 162 Cross Bay Boulevard. This LEED Gold-certified building brings almost 3,000 square feet of energy-efficient office and retail space to the market.

Queens, NY's Top Office-Using Sectors

The Queens office market benefits from the predictably increasing demand for space created by top office-using sectors like trade & transportation, education & healthcare, business services, and large corporate headquarters.

Trade & Transportation – Two of the busiest airports in the world - JFK International Airport and LaGuardia Airport - are located in Queens, and they, along with the countless small businesses they attract, help generate demand for office space in Queens.
Education & Healthcare – Fidelis Care, CenterLight Healthcare, and St. John's University are part of this top office-using sector in Queens.
Business Services – Business start-ups such as BuyBackWorld and NYC Daylighting help create demand for commercial real estate in Queens.
Corporate Headquarters – White-collar office employment is generated by firms such as Bulova, Steinway & Sons, Glaceau, and JetBlue Airways that are headquartered in the borough.

Queens Demographics

Population

Total Population2,271,271
Male Population(48.6 %) 1,102,739
Female Population(51.4 %) 1,168,532
Median Age38.40

Income/Financial

Average Household Income$70,783
Median Household Income$60,328
Median Income Under 25$37,904
Median Income 25-44$65,417
Median Income 45-64$67,307
Median Income Over 65$39,852

News

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November 27, 2018

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Amazon to Take 1M SF at One Court Square as Part of HQ2 Long Island City Plan

November 15, 2018

Amazon plans to take about 1 million square feet of Queens office space at Savanna’s One Court Square. The building will serve as a temporary location for HQ2 Long Island City, while the company’s campus at Anable Basin is underway. Citi, which has been in the tower since 1990, announced two day...

And It’s a Tie: Amazon to Split HQ2

November 09, 2018

Last year, Amazon kicked off a nationwide search for its second headquarters, planning to bring 50,000 jobs and over $5 billion in investments into the new location over the next two decades. Now, the company is changing its tune, saying it will split its vaunted HQ2 evenly between two cities, w...

Cities near Queens, NY

Queens, NY zip codes

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Office Space for Rent in Queens, NY - 193 Listings