Big Nassau leases raise Long Island office market in Q1

TRD New York /
Apr.April 16, 2018 01:33 PM

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]


Related Articles

arrow_forward_ios

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

First hotel in decades could come to Babylon, waterfront Centre Island property gets $3M price cut & more Long Island real estate news

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

Jerry Wolkoff wants a new industrial building in Edgewood, former newspaper mogul’s Gold Coast mansion seeks $13M & more Long Island real estate news

Long Island’s hotel market could be headed for a downturn

Brookfield pitches $400M mixed-use project in Manhasset, Lake Success home from Whitney Houston film lists for $6.3M & more Long Island real estate news

Hamptons resi brokers remain resolute, despite a slumping luxury market

Arbor Realty CEO buys Bridgehampton’s Three Ponds Farm for $35M, Harry Macklowe’s East Hampton home lists for $21M & more Hamptons real estate news

arrow_forward_ios