Farmingdale, New York Commercial Real Estate 0 Listings

Farmingdale, New York: A Premier Destination for Commercial Real Estate

Introduction

Farmingdale, New York, located on Long Island, is a burgeoning hub for commercial real estate (CRE). Known for its strategic location and robust economic ecosystem, Farmingdale offers a diverse array of opportunities for investors and developers. With a population of approximately 9,000, it boasts a thriving economy supported by major industry clusters such as aerospace, logistics, and manufacturing. Farmingdale's unique positioning in the CRE market is augmented by its proximity to major transportation networks and a supportive business environment.

Economic and Industry Overview

Farmingdale is home to a variety of industries that drive demand for commercial real estate, particularly in the industrial, office, and retail sectors. The aerospace industry, anchored by companies such as Telephonics and Curtiss-Wright, plays a significant role in the local economy. The logistics and distribution sectors also thrive due to Farmingdale's strategic location, further spurring demand for industrial spaces. The Farmingdale Chamber of Commerce actively promotes economic development initiatives, supporting business growth and innovation.

Strategic Location and Transportation Infrastructure

Farmingdale offers excellent connectivity through its extensive transportation infrastructure. Major highways such as the Long Island Expressway (I-495) and the Southern State Parkway provide easy access to New York City and other major markets. Farmingdale is also serviced by the Long Island Rail Road, enhancing commuter and freight mobility. The nearby Republic Airport caters to general aviation and business travel, adding to Farmingdale's logistical advantages. Access the New York Department of Transportation for more information on transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Farmingdale's CRE landscape is characterized by diverse submarkets, including industrial corridors and innovation districts. Key asset classes include industrial spaces, retail properties, and office buildings. Recent zoning changes have facilitated the development of mixed-use projects, creating new opportunities for developers. The Town of Oyster Bay Zoning Map provides detailed information on zoning regulations and available parcels.

Major Employers and Institutions

Farmingdale hosts several major employers that drive demand for commercial real estate. Notable companies include Telephonics Corporation, Curtiss-Wright, and Misonix. Farmingdale State College, part of the State University of New York system, also contributes to the local economy by attracting talent and fostering innovation. For more information, visit the Farmingdale State College website.

Notable Commercial Developments & Projects

Farmingdale is witnessing significant commercial development, with projects such as the New Village at Farmingdale and the Republic Airport Business Park leading the way. These mixed-use developments enhance the local CRE landscape, offering opportunities for retail, office, and residential spaces. Public-private partnerships and Opportunity Zones further incentivize investment in the area. Visit the New York State Opportunity Zones page for additional details.

Building Permits, Planning, and Development Tools

To facilitate development, Farmingdale offers a range of tools and resources:

Market Data & Economic Reports

Farmingdale benefits from a wealth of public data and economic reports that provide insights for CRE professionals. Resources such as Census.gov and the Town of Oyster Bay Open Data Portal offer valuable market data. Brevitas leverages AI-powered aggregation from these public data sources to provide comprehensive insights. Explore Brevitas Farmingdale CRE Listings for real-time market data and opportunities.