The Real Deal New York

Nassau, Suffolk commercial property markets at a crossroads

Office, retail and industrial space are in high demand across Long Island, but stagnant population growth imperils future developments and property sales

March 30, 2016 10:00AM
By Anne Field

The-New-Nassau-Coliseum

The New Nassau Coliseum

From the Long Island Market Report: It’s a mixed bag when it comes to Long Island’s commercial real estate market. On the one hand, there’s notable action with Class A office properties, including the 233,000-square-foot $112-million headquarters of software company Dealertrack, due for completion this summer.

And then there’s the $260-million redevelopment of Nassau Coliseum in Uniondale and the upcoming $4-billion, 452-acre mixed-use Heartland Town Square project in Islip, which will house more than 9,000 rental apartments and condominiums, 1 million square feet of retail, 3 million square feet of office and one or more hotels. [more]

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