Report | Long Island Office Insight - Q4 2015
Despite a slight decrease in leasing activity in Q4, Nassau County actually saw its vacancy rate fall to its lowest level in more than four years—with strong demand from the health care industry playing a major part in the drop.
Eastern Nassau saw the lion’s share of leasing activity in Q4, with Class A space remaining the overwhelmingly popular choice for tenants across Nassau County.
While vacancy rates continue to fall in Nassau, the same can’t be said for neighboring Suffolk County. It saw its vacancy rate pass the 20 percent mark in 2015, more than a three percent jump since 2011.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Long Island office market in our Q4 US Office Insight.
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