According to RM Friedland's 2025 year-end report, Queens recorded 682 total commercial real estate trades with $2.62 billion in total volume and an average deal price of $3.8 million. The market showed activity across industrial, multi-family, office, retail, and mixed-use properties throughout the year.

Queens office investment activity strengthened significantly in 2025, with total dollar volume reaching $336 million across 37 trades, up 73% from the prior year. The average deal size increased to $9.1 million, up 64% year-over-year, while pricing per square foot advanced to $495, representing 9.7% growth according to RM Friedland.

The largest Queens office transaction in 2025 was United Construction & Development Group's $64.25 million acquisition of 41-60 Main Street in Flushing for $639 per square foot. The 100,500 square foot building was 100% occupied at the time of sale, with the buyer's redevelopment plans undisclosed.

Major office transactions in Queens during 2025 were concentrated in Flushing and Long Island City, according to RM Friedland's report. Notable deals included properties on Main Street and Northern Boulevard in Flushing, and Northern Boulevard in LIC, with transactions ranging from $11.4 million to $64.25 million.

RM Friedland reports that Queens office market strength in 2025 was driven by renewed investor confidence, particularly for assets offering functional layouts and localized tenant demand. Investors focused on well-located, manageable assets with clear execution paths, while pricing remained supported by relative affordability and stable occupancy profiles.

Office pricing per square foot in Queens advanced meaningfully throughout 2025, reaching an average of $495 PSF, up 9.7% from the previous year. RM Friedland notes this improvement reflects sustained demand for smaller to mid-sized office buildings where pricing remains supported by relative affordability compared to Manhattan.

Looking ahead to 2026, RM Friedland expects investment opportunities in Queens to emerge from zoning programs like City of Yes for Housing Opportunity and tax incentives such as 485-x exemption. Well-capitalized buyers with strong operational capabilities are positioned to capitalize on owners facing recapitalization needs or forced sales.

According to RM Friedland's 2025 report, buyers in Queens favored smaller to mid-sized office buildings with functional layouts and localized tenant demand. Investors specifically targeted well-located, manageable assets with clear execution paths, resulting in higher transaction values without corresponding increases in market-wide risk appetite.