The Real Deal New York

Big Nassau leases raise Long Island office market in Q1

April 16, 2018 01:33PM

Large deals in Nassau County boosted the Long Island office market in the first quarterm after three consecutive quarters of sluggish activity. Only 510,000 square feet were leased, which was 22 percent below Q1 2017 leasing activity but 43 percent higher than Q4 2017. Nassau lead the market thanks to big leases from NYU Winthrop Hospital, which grabbed 77,500 square feet in Mineola, and Sterling National Bank snatching up 56,000 square feet in Jericho. [CBRE]