Commercial Real Estate: Queens is King for commercial real estate investment
New York Real Estate Journal
To many, Queens used to be an afterthought. But over the last few years, that has changed in a big way.
The largest borough in size and second largest in population, Queens still managed to stay under the radar for a time, as investment professionals were lured by the bright lights and skyscrapers of Manhattan.
In recent years, however, Queens has become increasingly attractive to many buyers. Its residential, family-friendly nature coupled with lower per s/f prices are making borough properties quite attractive assets to potential investors. And with many Queens property owners interested in holding onto their investments long-term, there is a limited supply of on-the-market properties, making prime for-sale Queens properties, especially those in close proximity to mass transit, high in demand.
