The Real Deal New York

From the February issue: Industrial real estate in the tri-state area has a new motto: Go east, young broker. After a year of record low vacancy rates, Long Island industrial sales prices soared skyward. The industrial vacancy rate is forecasted to wind up around 6 percent for 2006, the eighth lowest of 50 U.S. metropolitan areas surveyed by the National Association of Realtors. The squeeze for space will continue this year, when the vacancy rate is expected to shrink to a record low of 5.3 percent. more By Michael Rudnick