Coldwell Banker Commercial Rosner & Associates Releases Q2 2013 Long Island Office & Industrial Market Reports
Second Quarter 2013 vacancy rate increases slightly to 10.10% over prior period. Rental Rates trending slightly downward on Class A & Class B space and upward on Class C space. Net absorption up over prior quarter.
Industrial Market Summary:
Second Quarter 2013 vacancy rate increases slightly to 5.30%. Rental Rates up $.10 over prior quarter. Net absorption positive at 743,750 SF. $9.3M in Industrial Building Sales for 1st Quarter 2013 with average PSF of $57.48