The Real Deal New York

Long Island market report 2017 Issue

Getting to yes in
the ‘land of no’

After years of planning, resistance and expensive site clean-ups, developers and locals are finally feeling optimistic about the future of multifamily projects on Long Island

Long Island is home to some of America’s oldest bedroom communities,… [more]

First-time buyers are looking for the urban in suburban

Millennials drive the already tight housing market, taking longer to find the perfect property

With median sales prices surpassing $1 million in Manhattan and $750,000 in Brooklyn, first-time home buyers are widening their search circles… [more]

A new look for Nassau Coliseum

$130 million renovation is expected to be a boon to real estate values in the surrounding area

Billy Joel played the final concert at Nassau Coliseum before it closed for renovations in 2015,  so it seems only fitting that the Long Island native will be headlining the […]… [more]

Setting up shop in the suburbs

Strip malls command the highest rents, but bars and restaurants bring new life to downtowns

Long Island shoppers may be bucking a national trend. In the rest of the country, online retailers are undercutting their offline counterparts, forcing established department stores to close their doors. […]… [more]

Decamping from the Hamptons

Ranking the priciest East End rentals amid a marked uptick in interest in the North Fork

The summer rental season is already well underway on the East End, and brokers told The Real Deal they’re already seeing a few season-defining trends — perhaps most notably, a […]… [more]

Firm footing: Long Island’s established brokerages fend off upstarts

Traditional players are expanding to stay on top, but high commissions tempt agents to new firms

From Floral Park to Farmingville, tradition still seems to matter on Long Island. Especially when it comes… [more]

Long Island makes room
for new hotels

Occupancy rates in the area are high, but will there be enough demand for the added rooms?

In Long Island’s hotel and hospitality sector, there’s good news and bad news. The positive: a surge in new construction. The negative: a surge in new… [more]

High demand for multifamily housing pushes progress on Long Island

Developers have cleared hurdles for many new projects, but apartments are still in short supply

Multifamily housing is finally beginning to make major inroads on Long Island, with projects that lingered in… [more]

Long Island’s space crunch

Demand is fierce as vacancy rates for office and industrial space reach historic lows

Opportunity is scarce for companies looking for industrial or office space on Long Island, leading to bidding wars between would-be tenants, many of whom are looking to move east from […]… [more]

Healthy competition
for office space

Hospitals and healthcare centers expand throughout Long Island as elderly population grows

Long Island’s vibrant healthcare sector is snapping up office space faster than any other industry in the area, and it’s a trend that is expected to drive… [more]

New infrastructure investment may bolster development

Cuomo finds funds to update Long Island’s transit and utilities

With news of New York Gov. Andrew Cuomo’s plan to provide state funds to improve the Long Island Rail Road and expand Long Island’s sewer systems, as well as the […]… [more]

East End architecture is all about connections

Fred Stelle was never drawn to postmodern architecture, with its “sentimental, backward-looking” nostalgia for simpler times. “I’m always looking forward,” says Stelle. In his 40-year career, the well-known architect has […]… [more]

Editor’s note: Long Island is finally giving the thumbs up to development

Long Island has long been satisfied with its suburban reputation, and efforts to subvert the norm and “Queensify” it have been steadily and staunchly stamped out over the years. But […]… [more]