Rents, vacancy rates up slightly 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. rate nudged slightly higher during the second quarter of 2006 and average asking rents continued to rise from the previous three months, 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. Long Island's leading 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. Overall, the vacancy rate for industrial space in the Nassau-Suffolk two-county region rose to 6.56% during the second quarter from 6.22 percent at the end of the first three months of 2006. One year ago, the industrial vacancy rate stood at 6.43%. The average asking rent for industrial space in the region was $10.82 psf, compared with $10.46 in the first quarter and $10.93 a year earlier. Despite the recent up tick Up tick Plus tick. , the vacancy rate remains near historic lows, said 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. , president of Sutton & Edwards, noting that the cost of industrial space has risen by about 50% in the last two years to record levels. "Rents are just out of this world." "They went up so fast," he noted, explaining that the increases have resulted in some resistance among prospective tenants. Consequently, he said, "Rents have stagnated." 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 second quarter was down to 6.69%, compared with 6.92% three months earlier and 7.20% one year ago. Asking rents rose to $11.72 psf, from $11.62 in the 2006 first quarter. In the comparable year-ago quarter the average asking rent was $11.93. Nassau has approximately 49 millions s/f of industrial space. In Suffolk Suffolk, county (1991 pop. 629,900), 1,466 sq mi (3,798 sq km), E England. The county seat is Ipswich. Suffolk is bordered on the N by the Ouse and Waveney rivers and on the S by the Stour River. , which has almost twice as much industrial space as Nassau, the vacancy rate rose to 6.5%, from 5.86% in the first quarter of 2006. One year earlier, the rate vacancy in Suffolk was 5.62%. Asking rents in the county rose to $9.92 psf from $9.66 three months earlier. A year ago, the average rent for industrial space was $10.17. During the latest quarter, more than 650,000 s/f became available for lease or sale in Suffolk, while 187,000 s/f were removed from the market. |
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