While the coronavirus has devastated much of New York City’s economy, its industrial market in the first quarter was a bit stronger than in the final quarter of 2019. The industrial vacancy rate fell to 5.1 percent from its Q4 2019 level of 5.3 percent, according to a CBRE report. Industrial availability, which includes occupied space being offered for lease, remained at 8.5 percent, about the same as in Q4 2019. New leases, expansions and
source https://therealdeal.com/2020/04/23/nyc-industrial-market-tightened-in-first-quarter-trd-insights/
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