The latest Long Island Construction Report from Cushman & Wakefield reveals a flourishing development pipeline in the region’s industrial market, reflecting continued bullish sentiment among developers. With a current construction of 1.9 million square feet of projects scheduled for completion by mid-2024 and 703,000 square feet successfully completed this year with an additional 771,000 expected to be finalized by year-end, it is clear that Long Island’s industrial landscape remains resilient in Q2.
Over 50 institutional groups have been drawn to the neighborhood since 2018 due to its strong market fundamentals and skilled labor force – further underscoring its resilience and growth prospects as companies relocate closer to consumers amid sustained demand.
