2023 Office Space Rent & Sales
- $37.86 2023 Avg. Asking Rent
- 15.39% 2023 Office Vacancy Rate
Garden City office price per square foot in 2023 was $37.86 on average. The local office market recorded an average vacancy rate of 15.39% 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
2023 Average Office Rent per Square Foot
- Garden City Class A & A+ Office Space$39.31
- Garden City Class B Office Space$35.60
- New York Class A & A+ Office Space$64.56
- New York Class B Office Space$36.62
- New York Class C Office Space$45.97
Garden City, NY Office Asking Rents by Class
Office Spaces for Rent in New York
Coworking Spaces in New York
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2023 Office Construction in Garden City, NY
- Garden City, NY Total SF under construction in 2024 260,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Garden City Plaza - 400 Garden City Plaza | 400 Garden City Plaza, 11530 | 176,073 | 1989 |
| 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 - 300 Garden City Plaza | 300 Garden City Plaza, 11530 | 150,500 | 1969 |
| Garden City Plaza - 200 Garden City Plaza | 200 Garden City Plaza, 11530 | 123,905 | 1969 |
| Garden City Plaza - 100 Garden City Plaza | 100 Garden City Plaza, 11530 | 123,895 | 1969 |
| 500 Old Country Road | 500 Old Country Road, 11530 | 48,380 | 1966 |
| Winthrop Wellness Pavilion | 1300 Franklin Avenue, 11530 | 106,000 | 1962 |
| 112-114 7th St | 112-114 7th St, 11530 | 6,600 | 1962 |
Worth noting among recent office completions on the Garden City market is Garden City Plaza - 400 Garden City Plaza, which is currently the largest new office development in the city, at 176,073 square feet.
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, 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 CommercialEdge can guarantee that the information provided is complete.