Queens, NY Office Overview
The Queens borough of New York City includes the Flushing, Astoria, and Jamaica submarkets. With a population of over 2.3 million, it’s the largest of the five boroughs. Office space demand is strong due to its adjacent position to both Manhattan and Brooklyn.
As of mid-2017, the market contains 41 office & mixed-use properties larger than 50,000 square feet, and it’s driven by a robust mix of trade & transportation, healthcare, and large corporate offices.
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. Its sheer size 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 properties in Queens. Some of the larger office buildings include 58-33 57th Dr, 40-29 27th Street, 4501 Northern Boulevard, and 8900 Sutphin Boulevard.
Queens, NY Commercial Inventory Breakdown
Total: 24,266,934 SF
By square footage range:
- 50k to 100k SF: 4,631,789 SF / 19.09% of total office
- 100k to 500k SF: 12,504,267 SF / 51.53% of total office
- 500k to 1M SF: 3,488,208 SF / 14.37% of total office
- > 1M SF: 3,642,670 SF / 15.01% of total office
- Class A: 11,947,292 SF / 49.23% of total office
- Class B: 9,734,430 SF / 40.11% of total office
- Class C: 742,340 SF / 3.06% of total office
Top 10 Largest Office Buildings
|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||2020|
|The Factory||30-30 47th Avenue, 11101||1,083,560||2015|
|Bridgedale Plaza||24-02 49th Avenue, 11101||828,558||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|
Most Recently-Built Office Buildings
|Office building||Address||Sqft||Year built|
|HUB LIC||47-25 34th Street, 11101||330,000||2018|
|The Point LIC - Blanchard||2110 51st Avenue, 11101||214,670||2018|
|47-11 Austell Place||47-11 Austell Place, 11101||170,334||2018|
|The Point LIC - Paragon||2100 49th Avenue, 11101||126,057||2018|
|bldg. 10-27||10-27 46th Avenue, 11101||60,000||2018|
|59-25 Little Neck Pkwy||59-25 Little Neck Pkwy, 11362||38,050||2018|
|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|
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 700%. 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 LEED-Certified and EPA Energy Star-rated office buildings in the borough. CitiGroup's 22nd floor at 1 Court Square in Long Island City has over 26,000 square feet of LEED-Certified Gold space. The entire floor received high scorecard ratings for energy & atmosphere, indoor environmental quality, water efficiency, and innovation in design.
Queens, NY's Top Office-Using Sectors
Queens benefits from the demand for space created by sectors like trade & transportation, education & healthcare, business services, and corporate headquarters.
- Trade & Transportation – JFK International Airport and LaGuardia Airport are two of the busiest airports in the world.
- Education & Healthcare – Fidelis Care, CenterLight Healthcare, and St. John's University.
- Business Services – Business start-ups such as BuyBackWorld and NYC Daylighting.
- Corporate Headquarters – Bulova, Steinway & Sons, Glaceau, and JetBlue Airways.
- Total Population2,308,791
- Male Population(48.6 %) 1,121,036
- Female Population(51.4 %) 1,187,755
- Median Age38.60
- Average Household Income$76,509
- Median Household Income$66,100
- Median Income Under 25$45,109
- Median Income 25-44$70,938
- Median Income 45-64$75,398
- Median Income Over 65$44,821
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