Long_Island_Industrial_Space

Long Island Industrial Market Report

ISLAND CORPORATE SERVICES

Industrial Market Report for Nassau and Suffolk Counties, Long Island

The fourth quarter 2018 vacancy rate rose from the previous quarter to 3.3%. Flex properties had a vacancy rate of 5.3% compared to the 5.0% vacancy rate of the third quarter 2018. The warehouse vacancy rate at 3.0% remained steady from the third quarter 2018. Vacant industrial sublease space increased to 531,705 SF in the fourth quarter 2018 from 478,606 SF in the third quarter 2018. Vacant sublease space for flex properties decreased to 10,262 SF in the fourth quarter 2018 from 17,442 SF in the third quarter 2018. Vacant warehouse sublease space increased to 521,443 SF in the third quarter 2018 from 461,164 SF in the third quarter 2018. Net absorption for the fourth quarter finished at negative (101,145) SF, up from negative (329,176) SF reported in the third quarter 2018. 3,975 SF of new space in two buildings was completed in the fourth quarter 2018 with 615,505 SF still under construction. Sales activity for fourth quarter 2018 currently unavailable.

 

  
 

 

Description4th Q 20171st Q 20182nd Q 20183rd Q 20184th Q 2018Trend
Vacancy Rate2.90%2.70%3.00%3.20%3.30%Up
Net Absorption504,519129,058-478,930-329,176-101,145Down
Vacant Sublease Space233,351258,613451,915478,606531,705Up
Rental Rate (All Industrial)$11.30$11.45$11.80$11.89$12.13Up
Rental Rate (Warehouse)$10.86$10.93$11.27$11.42$11.85Up
Rental Rate (Flex)$14.52$15.03$15.16$15.29$14.37Down
Data Source - CoStar Group
QuarterYearSorted By Year In Descending OrderProperty TypeMarket Report DescriptionLink
4th2018IndustrialLong Island Nassau Suffolk Industrial Property Market Report2018_4th_Qtr_Industrial.pdf
3rd2018IndustrialLong Island Nassau Suffolk Industrial Property Market Report2018 3rd Qtr Industrial.pdf
2nd2018IndustrialLong Island Nassau Suffolk Industrial Property Market Report2018 2nd Qtr Industrial.pdf
1st2018IndustrialLong Island Nassau Suffolk Industrial Property Market Report2018 1st Qtr Industrial.pdf
4th2017IndustrialLong Island Nassau Suffolk Industrial Property Market Report2017 4th Qtr Industrial.pdf
3rd2017IndustrialLong Island Nassau Suffolk Industrial Property Market Report2017 3rd Qtr Industrial.pdf
2nd2017IndustrialLong Island Nassau Suffolk Industrial Property Market Report2017 2nd Qtr Industrial.pdf
1st2017IndustrialLong Island Nassau Suffolk Industrial Property Market Report2017 1st Qtr Industrial.pdf
4th2016IndustrialLong Island Nassau Suffolk Industrial Property Market Report2016_4th_Qtr_Industrial.PDF
3rd2016IndustrialLong Island Nassau Suffolk Industrial Property Market Report2016_3rd_Qtr_Industrial.PDF
2nd2016IndustrialLong Island Nassau Suffolk Industrial Property Market Report2016_2nd_Qtr_Industrial.PDF
1st2016IndustrialLong Island Nassau Suffolk Industrial Property Market Report2016_1st_Qtr_Industrial.pdf
4th2015IndustrialLong Island Nassau Suffolk Industrial Property Market Report2015_1st_Qtr_Industrial_Market_Report.pdf
3rd2015IndustrialLong Island Nassau Suffolk Industrial Property Market Report2015_2nd_Qtr_Industrial.pdf
2nd2015IndustrialLong Island Nassau Suffolk Industrial Property Market Report2015_2nd_Qtr_Industrial.pdf
1st2015IndustrialLong Island Nassau Suffolk Industrial Property Market Report2015 4th Qtr Industrial.pdf
4th2014IndustrialLong Island Nassau Suffolk Industrial Property Market Report2014_CBCICS_4th_Qtr_Ind_Market_Report.pdf
3rd2014IndustrialLong Island Nassau Suffolk Industrial Property Market Report2014_3rd_Qtr_Industrial_Market_Report.pdf
2nd2014IndustrialLong Island Nassau Suffolk Industrial Property Market Report2014_2nd_Qtr_Industrial_Market_Report.pdf
1st2014IndustrialLong Island Nassau Suffolk Industrial Property Market Report2014_1st_Qtr_Industrial_Market_Report.pdf
4th2013IndustrialLong Island Nassau Suffolk Industrial Property Market Report2013_4th_Qtr_Industrial_Market_Report.pdf
3rd2013IndustrialLong Island Nassau Suffolk Industrial Property Market Report2013_CBCICS_3rd_Qtr_Industrial_Market_Report.pdf
2nd2013IndustrialLong Island Nassau Suffolk Industrial Property Market Report2013_2nd_Qtr_Industrial_Market_Report.pdf
1st2013IndustrialLong Island Nassau Suffolk Industrial Property Market Report2013_1st_Qtr_Industrial_Market_Report.pdf
4th2012IndustrialLong Island Nassau Suffolk Industrial Property Market Report2012_4th_Qtr_Industrial_Market_Report.pdf
3rd2012IndustrialLong Island Nassau Suffolk Industrial Property Market Report2012 3rd Qtr Industrial Market Report.pdf
2nd2012IndustrialLong Island Nassau Suffolk Industrial Property Market Report2012 2nd Qtr IndustrialMarket Report.pdf
1st2012IndustrialLong Island Nassau Suffolk Industrial Property Market Report2012_1st_Qtr_Industrial_Market_Report.pdf

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