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4Q 2018 Long Island Commercial Real Estate Market Report

03/12/2019
Published By: NAI Long Island

"Although growth in the Long Island economy is heavily reliant on the

health of the greater New York economy, the metro has some unique

strengths.Long Island houses the headquarters of two Fortune

500 companies: medical supplier Henry Schein, the biggest local

company based on revenue, and telecommunications company

Cablevision Systems. Altice recently acquired Cablevision and will

move the company’s HQ to One Court Square in Long Island City by

2019. The former headquarters in Bethpage will remain an operational

center. CA Technologies, another Fortune 500 company, recently

moved its headquarters to Manhattan but has no plans to scale back

its operations in Islandia. Along with CA Technologies, companies

such as Dealertrack Technologies and Motorola also have homes

here, so Long Island should continue to have a strong computer

industry presence. Canon USA is headquartered in Melville, one of

the famous digital-imaging solutions company’s three headquarters

worldwide. These firms employ skilled workers at above-average

incomes and help the metro diversify its office employment and

industrial (manufacturing) base. Further, the Hauppauge Industrial

Park is one of the largest in the nation and a center for thousands of

companies and jobs." Download the full report to read on...

Release Date03/12/2019 - 10:00

Source

NAI Long Island & NAI Queens

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