Industrial Landscape in Long Island Shows Resilience in Q2

Industrial Landscape in Long Island Shows Resilience in Q2

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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