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Q1 2022 Long Island Office Market Report

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Among Long Island’s commercial real estate sectors, the office market has been the hardest hit by COVID- 19 and many companies are still hesitant to commit to long-term leases.

However, unlike the previous quarter the market had minor gains as leasing activity was able to outweigh newly available space hitting the market and the area recorded positive net absorption helping to offset overall loses from the prior quarters.

 

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Q1 2022 Long Island Office Market Report

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Lars Remole

Research Analyst

Stamford

Responsible for providing research and analytical services for all the brokers in the Fairfield/Westchester County and Long Island markets to ensure appropriate positioning, informed actions, strategic targeting, and smart decision-making.

Collect and analyze market information and economic events.

Produce market publications, research papers, requests for proposals, and ad hoc reports.

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