Long Island Industrial Market Report
ISLAND CORPORATE SERVICES
third quarter 2018 vacancy rate rose from the previous
quarter to 3.2%.
Flex properties had a vacancy rate of 5.3% compared to the 4.8% vacancy rate of the second quarter 2018. The warehouse vacancy
rate at 3.0% rose from the second quarter
2018 at 2.8%.
industrial sublease space increased to 478,606 SF in the third quarter 2018 from 451,915 SF
in the second quarter 2018.
sublease space for flex properties increased substantially to 17,442 SF in the third quarter 2018 from 1,100
SF in the second quarter 2018.
warehouse sublease space increased to 461,164 SF in the third
SF in the second quarter 2018. Net absorption for the third
quarter finished at
negative (329,176) square
feet, a decrease from
reported in the second quarter 2018. 32,000 SF of new
space in one building was completed
in the third quarter 2018
with 198,990 SF
still under construction.
Sales activity for third quarter
2018 currently unavailable.
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