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Long Island Industrial Report 4Q 2019

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2019 marked another healthy year in the Long Island Industrial Market. Property fundamentals remain very healthy and the market remains tight. Gross domestic product (GDP) growth increased approximately 2.1% to $21,542.5 billion in Q3 2019 and Long Island’s GDP took up 0.74% of the total US GDP. It is predicted that GDP growth would fall in the range of 1.5% and 2.0% in 2020. Interest rates remain low at the Federal Reserve’s target range of 1.5%-1.75%.

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Long Island Industrial Report 4Q 2019

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