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Year End Review 2019 Long Island Multifamily Report

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> YTD 2019 Absorption drops to 100 units from 326 units in 2018.
> The 2019 overall average rental rate in Long Island is $2,127 per month, an increase of 4.0% year-over-year.
> 19 Buildings with nearly 3,400 units are currently under construction in both Nassau and Suffolk Counties.
> The Long Island vacancy rate remained extremely low despite it increases slightly to the average of 2.53% in 2019 from 2.13% in 2018.

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Year End Review 2019 Long Island Multifamily Report

Download Report