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Q4 2021 Long Island Industrial Market Report

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Long Island’s industrial market continued to benefit from a shift in consumer buying habits, as ecommerce sales persisted. This has led to increased occupier demand for industrial product which caused pricing to increase and the availability rate to improve.

Even with constrained industrial supply the Long Island market still recorded 1.5 million square feet (MSF) of positive net absorption this year. While in the process, lowering the availability rate 90-basis points year-over-year to 3.4%.