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Q2 2019 Long Island Industrial Report

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The Q2 Long Island Industrial Market remained stable with unchanged vacancy rates but slight increases in average rental rates and absorptions. GDP growth has increased from 2.2 percent in Q4 2018 to 3.1 percent in Q1 2019. The labor market on Long Island continues to grow with the lowest unemployment rate of 3.10%, 60 basis points (BPs) down from Q1 2019.

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Q2 2019 Long Island Industrial Report

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