Queens

    Long Island City

    Waterfront development hub with creative studios and a growing restaurant scene. Former industrial area transforming into mixed-use destination.

    Industrial Chic, Emerging
    $45-80/sf
    89

    Walk Score

    Very Walkable

    85

    Transit

    80

    Bike Score

    Business Activity
    Active Businesses450

    About Long Island City

    Long Island City has undergone the most dramatic transformation of any New York neighborhood in the past two decades, rising from industrial obscurity to a gleaming waterfront district of residential towers and cultural institutions. The neighborhood now claims the densest concentration of new residential development in the city.

    The demographic profile reflects LIC's emergence as a destination for young professionals seeking Manhattan proximity without Manhattan prices. One-stop subway access to Midtown makes the commute practical; waterfront parks and views make the lifestyle attractive. The growing population has created substantial demand for dining, retail, and services.

    For hospitality operators, LIC offers the rare opportunity to serve a rapidly growing residential population in a neighborhood still establishing its commercial identity. Unlike established Manhattan neighborhoods with entrenched dining scenes, LIC welcomes new concepts that can become neighborhood institutions. The waterfront creates destination appeal for special occasions.

    The development pipeline will continue adding residential units for years, creating sustained growth in customer base. Operators who establish now position themselves as LIC matures.

    Best For in Long Island City

    New development dining
    Waterfront restaurants
    Neighborhood services
    Creative retail
    Fitness studios

    Commercial Rent Guide for Long Island City

    Current market rates for commercial space (annual rent per square foot)

    Space TypeAvg Rent/SF
    Restaurant$55-$100
    Retail$60-$110
    Fitness$40-$70
    Cafe$50-$85

    * Rates are estimates based on recent market activity. Actual rents vary by specific location, condition, and lease terms.

    Demographics (Census Data)

    Population

    42,000

    Median Income

    $85k

    Median Rent

    $2,500/mo

    Notable Businesses in Long Island City

    Restaurants

    M. Wells Steakhouse

    4.4

    Casa Enrique

    4.5

    Explore Long Island City

    Market Snapshot

    Avg Rent$45-80/sf
    Walk Score89/100
    Transit Score85/100
    Active Businesses450

    Nearby Neighborhoods

    Explore similar areas near Long Island City

    Frequently Asked Questions About Long Island City

    What you need to know about commercial real estate in this neighborhood.

    What is the average rent in Long Island City?

    Commercial space in LIC ranges from $55-$110 per square foot annually. New development ground-floor retail commands premiums. Court Square and Hunters Point are the primary dining areas. The neighborhood offers value relative to Manhattan with strong residential growth.

    What types of concepts work in LIC?

    LIC needs neighborhood restaurants, quality cafes, and everyday services for its growing residential population. Waterfront locations support destination dining. The neighborhood welcomes operators who can become community fixtures as the area matures.

    How is LIC's residential growth affecting opportunities?

    LIC's development pipeline continues adding thousands of residential units annually. This creates sustained growth in dining and retail demand. Early entrants can establish loyalty with residents who have few established options.

    Looking for space in Long Island City?

    Tell us about your concept and we'll match you with the perfect location.