Early in the second quarter, the average vacancy rate for apartments on Long Island, New York, rests at 4.7%, down from an all-time high of 6.7% recorded early in 2024. Conversely, the average U.S. rate increased to 8.1% from 7.9% last year.
Long Island's apartment market continues to decouple from national hurdles
The metropolitan area’s luxury segment drives overall vacancies lower
By Mateusz Wnek
CoStar Analytics
April 15, 2025 | 5:17 P.M.
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