Industrial vacancies down, rents up on Long Island.Long Island's industrial vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled.
2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rates continued to trend lower during the first quarter of 2006 and average asking rents continued to rise, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the commercial real estate services firm Sutton Sutton, outer borough (1991 pop. 164,300) of Greater London, SE England. It is mainly residential, but plastics, chemicals, radio components, and paper goods are produced. The areas of Sutton were mentioned in the Domesday Book. & Edwards Inc./ TCN TCN Tetracycline
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TCN Transaction Control Number Worldwide. Overall, the vacancy rate for industrial space in the two-county region fell to 6.22 percent from 6.23 percent at the end of the 2005 fourth quarter. The industrial vacancy rate stood at 6.72 percent one year ago. The average asking rent for industrial space in the region overall was $10.46 per square foot, compared with $10.43 at yearend and $10.10 a year earlier.
"The industrial market continues to have limited, good sizable siz·a·ble also size·a·ble
Of considerable size; fairly large.
siza·ble·ness n. functional space in choice locations along the Long Island Expressway," said Jeff Schwartzberg, Sutton & Edwards Senior Director. "Vacancies are limited and pressures continue to favor landlords."
In Nassau Nassau, former duchy, Germany
Nassau (nä`sou), former duchy, W central Germany, situated N and E of the Main and Rhine rivers. It is now mostly included in the state of Hesse, and partly in the state of Rhineland-Palatinate. , the industrial vacancy rate at the end of the 2006 first quarter was 6.92 percent, compared with 7.20 percent at yearend 2005 and 8.02 percent at the end of the 2005 first quarter. Asking rents rose to $11.62 per square foot in the 2006 first quarter, from $11.44 three months earlier. Nassau has approximately 49 millions square feet of industrial space.
In Suffolk, which has almost twice as much industrial space as Nassau, the vacancy rate edged up to 5.86 percent at the end of the first quarter of 2006, from 5.73 percent at yearend and 6.04 percent in the comparable year-ago quarter. Asking rents rose to $9.66 per square foot from $9.43 at yearend.