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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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