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
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

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

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

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

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

arrow_forward_ios
Loading...