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Finding the right commercial property or space to rent or purchase for a business today on Long Island, New York requires knowledge, insight, and timing best met through a partnership between a client and a commercial real estate broker. Coldwell Banker Commercial Island Corporate Services is experienced, dependable and specializes in a variety of property types, including office, healthcare - medical space, industrial - warehouse, industrial -commercial land and retail.
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Industrial: Second Quarter 2015 vacancy rates came in at 4.4%, which is a slight decrease from the previous quarters. Flex projects had a vacancy rate of 7.3% which is a decrease from the 7.6% vacancy rate of the first quarter. The warehouse vacancy rate dropped to 4.0% at the end of the second quarter, with vacant sublease space decreasing to 220,430 SF from 221,340 SF. Vacant sublease space for flex projects was 34,890 square feet, up from 10,700 SF in the last three quarters, while vacant sublease space for warehouse projects decreased from 210,640 square feet to 185,540. Overall, rates for industrial space were down in the 2nd quarter. Rental rates increased for warehouse space and decreased for flex space. Net absorption for the first quarter was positive, finishing at 238,920 square feet. Two new buildings, totaling 52,000 square feet, were completed in the second quarter, up from zero in the first quarter. When looking at sales of buildings that are 15,000 SF or larger, sales fell in the first quarter. ...
Coldwell Banker Commercial's Year End Blue Book has been published. Click here to download a copy of this comprehensive market report covering 165 Primary, Secondary, Tertiary and International markets.
Lee A. Rosner, CCIM SIOR, Managing Principal of Coldwell Banker Commercial Island Corporate Services today announced an Office Lease Transaction in Islandia, NY.
Coldwell Banker Commercial Island Corporate Services brokers Pidgeon and Reichman complete 2,750 SF office lease.
Coldwell Banker Commercial's Year End Blue Book. Market Intelligence for 165 Primary, Secondary, Tertiary and International markets. Office, Industrial, Retail and Multi-Family.