Long Island commercial real estate
The Avison Young Long Island office provides commercial real estate services to tenants, property owners, investors and developers
Avison Young’s Long Island office has become one of the area’s premier client-focused, full-service providers of commercial real estate. Our experienced team of commercial real estate advisors cover all major industry sectors, including office, industrial, investments, retail, and mixed-use developments. Long Island, located in the southeast part of New York state, is adjacent to New York City which benefits its residents, space occupiers and our overall economy. In utilizing our Avison Young’s “no-silo” approach to partnership, we provide reliable, efficient services for owners and investors alike, as well as for users and occupants.
We work on behalf of tenants, landlords, investors, and buyers alike, including many large national and international corporate clients. Avison Young’s Long Island office frequently partners with the company’s brokerage operations throughout the United States, Canada and Mexico - and across the globe to service its local clients and their needs.
Long Island commercial real estate services
Avison Young’s brokerage team in Long Island has consistently completed major leasing and investment sales transactions across all asset types. We’ve worked on the behalf of tenants, landlords, investors, vendors and buyers alike, including many large national and international corporate clients.
Whether you are an owner, investor, occupier or developer, we deliver results aligned with your strategic business objectives. Our Long Island commercial real estate advisors are here to support your initiatives, add value, and build a competitive advantage for your organization.
Find Long Island properties for sale or lease
Search Avison Young’s Long Island commercial real estate listings for sale and lease to find the right commercial property for you. Our investment and leasing opportunities include office, industrial, warehouse, retail, multifamily and hospitality properties. We also offer specialized spaces for healthcare, automotive, self-storage and more.
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Prologis JFK Cargo Center 75Jamaica, NY 11430For Lease
Office
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Fleetwood Office Park
3275-3285 Veterans Memorial HighwayRonkonkoma, NY 11779For Lease
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141 Albertson AvenueAlbertson, NY 11507Industrial
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230-39 International Airport Center Blvd.Springfield Gardens, NY 11413For Lease
Office
Long Island commercial real estate insights
Reopening efforts, higher vaccination rates, and additional market dynamics show a promising future for the Long Island office market.
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Newer properties on Long Island have performed well during challenging times -
Ridership on the Long Island Rail Road (LIRR) is steadily returning to normalcy -
Long Island - For the second consecutive month, the ports of New York and New Jersey maintain a trajectory toward "normalcy" -
Long Island office industries see notable changes in job postings
Greater Long Island Area commercial real estate news
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Avison Young appoints Harry Klaff as U.S. PresidentJune 20, 2023- United States
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Celebrating 12 consecutive years, Avison Young named one of Canada’s Best Managed CompaniesMay 9, 2023- Austria Bulgaria Canada Czech Republic France Germany Global Hungary Ireland Israel Mexico Poland Romania Russia South Africa South Korea United Arab Emirates United Kingdom United States
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Avison Young applauds Women of Influence, class of 2023May 8, 2023- Austria Bulgaria Canada Czech Republic France Germany Global Hungary Ireland Israel Mexico Poland Romania Russia South Africa South Korea United Arab Emirates United Kingdom United States
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Up to one third of office buildings across 14 major North American markets could provide housing potential, through adaptive reuseApril 24, 2023- Canada United States
Long Island commercial real estate consultants
Long Island
Contact a commercial real estate advisor in Long Island
Our commercial real estate brokers and advisors leverage data-driven intelligence paired with deep Long Island knowledge. Connect with us to discuss how we can help you drive more value from your assets.
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Back Long Island Office Takeaways
Economic conditions
Reopening efforts and higher vaccination rates have allowed the Long Island unemployment rate to rebound from a post-COVID high of 17.5% in April 2020 to 4.0% in October 2021. As of April 2021, the unemployment rate in Long Island is below the 20-year historical average of 5.3%.
Recovery rate
Long Island has an 11.9% higher vaccination rate compared to the United States as a whole. Total Nassau-Suffolk Metropolitan Division jobs have increased office-using jobs by 2.3% from October 2020 to October 2021.
Office demand
2021 leasing activity is down 32.6% compared to the prior 20-year annual average leasing activity. Although in 2021, office leasing activity increased 200,000 square feet compared to 2020.
Office supply
Direct and sublease office availability rates have decreased 40 basis points since the end of 2020. Available sublease space is just under a total of 900,000 square feet.
Pricing trends
From 2020 to 2021, the office asking rents in Long Island only increased by 0.1%. This small increase is the result of companies still hesitant to return to office. Due to the introduction of above-market, Class A availabilities, asking rents have risen by 5.2% from 2019 to 2021.
Capital markets
Despite office investment sales volume decreasing since 2019, office asset pricing has held strong and increased by 9.6%. Office investment sales in 2021 have shown a 39.5% decline compared with the prior five-year annual average.