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.
The new owners of the prestigious 170,000 SF Farmingdale Corporate Center, located at the intersection of Route 110 & Route 109 in Farmingdale, awarded the property management and leasing assignment to Islandia based Coldwell Banker Commercial Island Corporate Services.
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.
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.
Coldwell Banker Commercial Island Corporate Services has just published its 2013 year end market data for office and industrial properties.
The Long Island, Nassau - Suffolk Office Market Report includes current vacancy rates, asking rents, absorption statistics, sales activity and more.
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.
Teachers Federal Credit Union Hires Coldwell Banker Commercial Island Corporate Services as Exclusive Leasing Agent for 102 Motor Parkway, Hauppauge, NY
Lee Rosner, Managing Principal of Coldwell Banker Commercial Island Corporate Services has arranged the sale of a 8.9 acre commercial property on Route 112, Port Jefferson Station to Hauppauge based Northwind Group for $3.45M.
Coldwell Banker Commercial Island Corporate Services has relocated its offices to One Suffolk Square, 1601 Veterans Memorial Highway, Suite 420, Islandia, NY 11749.
All other contact information remains unchanged.