Long Island Commercial Property News and Press Releases

Long Island Office and Industrial Market Report for the 2nd Quarter of 2015 just released by Coldwell Banker Commercial Island Corporate Services

Sep 08 2015
9
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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. ...

Dr. Print Leases 13,500 SF of Office Space in Hauppauge

Feb 12 2014
119
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Edward Pidgeon, Principal of Coldwell Banker Commercial Island Corporate Services recently completed a long term lease at 18 Commerce Drive, Hauppauge, NY with Dr. Print, a Long Island based provides Multi-Functional Devices,  Managed Print Services and Managed IT Solutions.

31K SF Hostess Bakery Property in Hicksville, NY Sells for $2.3M

Feb 10 2014
156
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Lee Rosner, CCIM SIOR, Managing Principal and Edward Pidgeon, Principal of Coldwell Banker Commercial Island Corporate Services brokered the sale of the 31K SF former Hostess Brands, LLC distribution facility located at 890 South Oyster Bay Road, Hicksville, NY. 

Commercial Brokerage Powerhouses Coldwell Banker Commercial Island Corporate Services and Avison Young have been appointed as co-exclusive brokers for Empire Corporate Park in Medford, Long Island, NY

Nov 26 2013
244
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Coldwell Banker Commercial Island Corporate Services and Avison Young have been hired as exclusive brokers for the Empire Corporate Park, which is a fully improved and sewered industrial park consisting of 73 acres located in Medford's highly sought after Horseblock Road Corridor.

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