Skip to main content Skip to footer

Long Island Industrial Report 1Q 2020

Download Report
Continuing the momentum, the Long Island Industrial Market started off a healthy year with prices hitting records. With the global coronavirus (COVID-19) pandemic and the temporary shut-down of all non-essential businesses across the country, Long Island has been effectively on hold in March. The temporary close of businesses immediately affects the labor market with roughly 26 million unemployment benefits applications in the five weeks since the outbreak across the nation. However, the current situation has pushed heavier demand in online shopping and distribution services. Online retail giants such as Amazon have been experiencing the shortage of labor and in need of much more distribution centers to support the increasing demand. Gross domestic product (GDP) growth in Q4 2019 was on par with Q3 2019 at 2.1%.

Long Island Industrial Market Report Image

Long Island Industrial Report 1Q 2020

Download Report
Related Experts

Stephen Shapiro

Executive Managing Director, Director of Tri-State Operations and Suburban Market Leader

New York

Stephen Shapiro is Executive Managing Director, Director of Operations and Suburban Market Leader for Colliers Tri-State. Mr. Shapiro oversees all operational aspects for the six Tri-State offices and is responsible for the growth and strategy for the business. In addition, Mr. Shapiro oversees the financial consulting practice for the Tri-State.

Prior to his role in senior leadership, Mr. Shapiro  focused on New York Capital Markets where he sourced and executed sale, financing and recapitalizations of more than $35 billion of investment real estate. Mr. Shapiro was a pioneer in the Capital Markets research space as New York City real estate evolved into a global asset. During his Capital Markets career, Mr. Shapiro served as the head of New York City's International Residential Investments,  Asia Pacific; focused on selling newly developed New York City residential condominium units to off-shore investors . 

View expert