Shrinking industrial inventory should push businesses to buy properties instead of rent The industrial market on the island reported a 3.1 percent vacancy rate in the first quarter, down slightly from a year ago, according to data from Newmark Knight Frank. Similarly, the office market saw a vacancy rate of 8.9 percent, up slightly from the year before, but lower than the 13.5 percent national average. That coupled with an influx of businesses moving to […]
source https://therealdeal.com/2018/05/14/long-island-cheat-sheet-shrinking-industrial-inventory-should-push-businesses-to-buy-properties-instead-of-rent-experts-say-more/
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