Over the past two years, industrial developers have been flooding Long Island with millions of square feet of new logistics space. Unfortunately for new property owners, space demand has been negative during this time, resulting in a significant supply-demand imbalance.
Long Island’s industrial vacancy rate at its highest level since 2012
Historic supply wave and negative space demand continue to weigh on occupancy
By Mateusz Wnek
CoStar Analytics
December 18, 2024 | 8:51 P.M.
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