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Long Island City Office Space for Lease in NYC

LIC Long Island City, NY, Class B Office space 10,000-35,000 sf for lease

  • $30
  • $30/psf
Long Island City, Queens, NY, USA

10,000 – 20,000 – 35,000 sf,  Office space for lease 3-15 years term, will divide, build to suit,  Higher floors, Possession […]

  • 10000 - 20,000 Sq Ft
  • $30
  • $30/psf
  • Office Space
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Long Island City, Queens

1 year ago

Long Island City Office Space for Lease in NYC

Long Island City Office Space for Lease in NYC. Long Island City (LIC), located in the western section of Queens, has emerged over the past two decades as one of New York City’s most dynamic and fast-growing commercial hubs. With its close proximity to Manhattan, thriving arts and tech scenes, and a wide range of commercial properties—from new high-rises to repurposed industrial spaces—LIC is now a premier location for businesses of all sizes seeking office space in New York City.

In this comprehensive guide, we’ll explore the LIC office leasing market, including pricing, transportation options, types of office buildings, and key factors businesses should evaluate when looking for space.

Why Long Island City?

Long Island City combines the best aspects of urban convenience with neighborhood charm. It is a strategic location offering:

  • Quick subway access to Midtown Manhattan (just 5–10 minutes)
  • A growing inventory of high-quality commercial buildings
  • Lower rental rates compared to Manhattan
  • A highly educated, diverse local workforce
  • A mix of traditional office buildings, creative lofts, and flexible coworking spaces

It’s no surprise that a growing number of companies—from tech startups and media firms to law practices and nonprofits—are choosing LIC over other NYC boroughs.

Lease Pricing in Long Island City

Lease prices in Long Island City are typically measured per square foot per year, though monthly rents are common in coworking and subleased setups. Pricing depends on location, building class, space size, amenities, and lease terms.

Class C & Creative Spaces

  • Average price: $28–$40 per sq ft/year
  • Found in: Converted industrial buildings, smaller office properties
  • Ideal for: Startups, creative firms, architects, photographers
  • Example: A 1,000 sq ft office at $35/sq ft/year = $35,000 per year, or $2,916 per month

Class B Buildings

  • Average price: $40–$55 per sq ft/year
  • Found in: Mid-rise commercial buildings, pre-war office conversions
  • Ideal for: Law offices, nonprofits, IT firms, finance
  • Example: A 2,000 sq ft office at $50/sq ft/year = $100,000 per year, or $8,333 per month

Class A & New Developments

  • Average price: $55–$75 per sq ft/year
  • Found in: Modern glass towers, LEED-certified developments, high-rise buildings with amenities
  • Ideal for: Corporate headquarters, media firms, technology companies
  • Example: A 5,000 sq ft office at $65/sq ft/year = $325,000 per year, or $27,083 per month

LIC offers an attractive balance: access to the Manhattan market at roughly 25–40% lower lease rates for comparable space and features.

Types of Office Space in LIC

Long Island City offers one of the most diverse inventories of office space in NYC. This flexibility allows businesses to choose a format that aligns with their operations, image, and budget.

Creative Loft Spaces

  • High ceilings, large windows, exposed brick or beams
  • Found in former manufacturing buildings and warehouses
  • Appeal to designers, marketing firms, media production

Traditional Office Suites

  • Defined work areas, private offices, reception zones
  • Popular with legal, financial, and professional services
  • Located in mid-rise buildings near Court Square or Jackson Avenue

High-Rise Modern Towers

  • Recently built Class A spaces with fitness centers, roof decks, and conference rooms
  • Ideal for enterprise tenants and growing tech firms
  • Provide panoramic views and modern infrastructure

Coworking and Flex Office Solutions

  • Month-to-month leasing with access to amenities
  • Great for remote teams, freelancers, or small startups
  • Frequently located in towers and refurbished spaces near transit hubs
Key Leasing Considerations

Businesses seeking to lease office space in LIC should carefully evaluate the following elements before signing an agreement:

Lease Term

  • Short-term (1–3 years): Ideal for startups or transitional space
  • Long-term (5–10 years): Better rates, more TI (tenant improvement) allowance, stability

Build-Out and Improvements

  • Landlords may offer allowances to modify the space (especially for long-term leases)
  • Common build-outs: conference rooms, break rooms, ADA compliance, HVAC zones
  • Prebuilt offices reduce time to occupancy but may cost more per square foot

Utilities and Operations

  • Confirm if electricity, water, and janitorial services are included
  • HVAC policies: Is climate control available 24/7 or only during work hours?

Sublease Rights

  • Look for clauses that allow for subleasing—valuable if you plan to scale down or restructure

Renewal and Expansion Options

  • Lock in future growth by negotiating first right of refusal on adjacent units or floors
Industries Thriving in LIC

Long Island City supports a growing range of industries due to its affordability, talent pool, and accessibility:

  • Technology: LIC’s connectivity and space flexibility attract startups and tech incubators
  • Media & Film: Close to studios, large open spaces ideal for production
  • Legal & Financial Services: Professional services benefit from proximity to courts and Manhattan
  • Design & Architecture: Creative firms thrive in open lofts and renovated industrial buildings
  • Nonprofits: Lower rents help mission-driven organizations stay close to the communities they serve

Advantages of Leasing in Long Island City

  1. Affordability: Up to 30–40% lower than Midtown Manhattan
  2. Proximity: Minutes from Manhattan but with more space and better value
  3. Transit: Multiple subways, LIRR, buses, and ferries
  4. Modern and Creative Options: Wide inventory of space types
  5. Future Development: Continued growth in residential, retail, and commercial sectors
Conclusion

Long Island City is no longer just a secondary commercial zone—it’s now a thriving business destination offering unmatched value, strategic location, and excellent connectivity. Whether you’re launching a new venture, relocating from Manhattan, or expanding your business footprint, LIC has the infrastructure and leasing options to meet your needs.

Summary of Key Points:

  • Lease prices range from $28 to $75 per sq ft/year
  • Multiple transportation options including subway, ferry, LIRR, and highways
  • Office types range from creative lofts to Class A towers and coworking spaces
  • Ideal for tech, legal, media, and design industries
  • Growing neighborhood with strong development outlook
Transportation Accessibility

A defining advantage of Long Island City is its unparalleled transportation connectivity, which makes it one of the most commuter-friendly locations in NYC.

Subway Access

LIC is one of the most subway-connected neighborhoods outside Manhattan. Multiple lines converge here, including:

  • E, M, R – connecting to Midtown and Downtown Manhattan
  • 7 – direct link to Grand Central Terminal and Times Square
  • G – links Brooklyn and Queens without entering Manhattan
  • N, W – access to Upper Manhattan and Astoria

This makes commuting to and from Manhattan, Brooklyn, and Queens seamless for employees, clients, and visitors. Most parts of LIC are within walking distance to at least one major subway station.

Long Island Rail Road (LIRR)

LIC is served by two major LIRR stations:

  • Hunterspoint Avenue
  • Long Island City station

These offer direct rail access to eastern Queens, Nassau, and Suffolk counties, making it ideal for suburban commuters.

Bus Network

Multiple MTA bus lines cross through LIC, including crosstown routes linking to Astoria, Sunnyside, and Greenpoint. These routes help cover areas less connected by subway and provide last-mile access to office buildings.

Ferry Access

The NYC Ferry serves Long Island City via East River routes, connecting it to Midtown Manhattan, Wall Street, Williamsburg, and Brooklyn Navy Yard. For certain professionals, especially in creative or tech fields, this mode of travel is increasingly popular.

Roadways and Parking

LIC sits at the intersection of several key highways and bridges:

  • Midtown Tunnel to Manhattan
  • Pulaski Bridge to Brooklyn
  • Queensboro Bridge to Midtown

While parking is limited in many areas, some office developments offer underground or lot-based parking—especially useful for staff who drive from the outer boroughs or Long Island.

 

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MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 532 M,  Prior Period 531 M
  • UNDER CONSTRUCTION SF 6.5 M, Prior Period 7.1 M
  • VACANCY RATE 15.5%,  Prior Period 15,9% 
  • AVERAGE MARKET RENT/SF  $77, Prior Period $76.50
  • MARKET SALE PRICE/SF  $680, Prior Period $750 
  • MARKET CAP RATE  6.2%, Prior Period 5.8%

Availability

  • Vacant SF 82 M, Sublet SF 15 M
  • Availability Rate 15.5%, Available SF 84 M
  • Available average Asking Rent/SF $55
  • Occupancy Rate 85%, Percent Leased Rate 90%

Office Sales Past Year

  • Asking Price Per SF $635
  • Sale to Asking Price Differential -20%
  • Sales Volume $9 B
  • Properties Sold 195
  • Months to Sale 14
  • For Sale Listings 220
  • Total For Sale SF 5.1 M

Demand

  • 12 Months Net Absorp % of Inventory 0.5%
  • 12 Months Leased SF 41 M
  • Months on Market 15
  • Months to Lease 10
  • Months Vacant 10
  • 24 Months Lease Renewal Rate 47%
  • Population Growth 5 Years -6% 
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