Long Island 1Q vacancies nudge higher as rents edge up.The office 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. rate on Long Island crept crept v. Past tense and past participle of creep. crept Verb the past of creep crept creep higher during the first quarter of 2006 as rents also inched up, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report by 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 Worldwide. The overall office vacancy rate for 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. and Suffolk Counties Suffolk County may refer to:
"There has been a flight to quality," said Sutton & Edwards president Alan Rosenberg Alan Rosenberg (born October 4 1950) is an American actor of both stage and screen, and current president of the Screen Actors' Guild, the principal motion picture industry on-screen performers' union. Biography Rosenberg was born and raised in Passaic, New Jersey. , noting demand for Class A space remains strong with most newly constructed office buildings in the region have been completely leased or in the process of being leased. This, he said, will mean continued upward pressure on rents. "Tenants won't object to pricing. They are willing to pay more." Rosenberg said the demand for Class A space, space in professionally managed buildings with excellent locations, amenities and access, is leading landlords of high-end Class B buildings to upgrade their properties. The average asking rent for office space on Long Island rose to $26.36 per square foot during the latest quarter. The average rent was $26.15 three months earlier and $25.43 during the first three months of 2005. Class A office space vacancies rose to 9.27% Islandwide, from 8.83% at yearend 2006, but remained below the 10.76% in the 2005 first quarter. Rents for Class A space climbed to $28.82, from $28.58 three months earlier and $27.48 in the first quarter a year ago. In Nassau County Nassau County is the name of two counties in the United States of America:
The vacancy rate for Suffolk County was 12.36%, down from 12.5% one year earlier and essentially flat with the 12.3% in the 2005 final quarter. Class A vacancies in Long Island's eastern-most county fell sharply, to 9.35% from 15.31% in the comparable year-ago period. The average asking rent in Nassau County was $27.39, compared with $27.23 at the end of the prior quarter and $26.90 in the comparable year ago quarter. Nassau Class A rents increased to $30.25, from $301.0 three months earlier and $28.68 a year ago. In Suffolk County, the average asking rent rose to $23.78, from $23.46 three months earlier and $23.06 a year earlier. Class A rents in Suffolk rose to $25.95, from $25.74 at yearend and $25.08 in the first quarter a year earlier. |
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