The final quarter of 2010 proved to be a robust commercial leasing market in office and industrial properties in Suffolk County according to Michael Zere, executive vice president at Zere Real Estate Services.
"There were several factors that contributed to this new influx of business activity. First many companies were still downsizing, taking advantage of the good deals that were still out there in the market and to secure their new locations for a January 1st occupancy date. The biggest trend was that many companies were taking shorter lease terms due to the unstable economic market conditions," said Zere.
"Long Island is made up of small businesses that need to weather the storm with reasonable leases and price points," said Zere.
Commercial office deals include: 12,300 s/f to Nationwide Services; 7,500 s/f to Prime Diagnostic Imaging, Holbrook; 6,000 s/f to Private Asset Management, Hauppauge; 5,200 s/f to Loscalzo Associates, Holbrook; 4,500 s/f to Whipsmart Development Corp.; 2,500 s/f to Viamedia, Inc., Hauppauge; 2,200 s/f to Lintech Components; 2,000 s/f to Computer Repair of Long Island; 2,000 s/f to Rikkard List Marketing, Hauppauge; 1,600 s/f to The Freedman Center, Lake Grove; 1,600 s/f to Family Pet Hospital, Bayport; 1,300 s/f to The Gottesman Organization, Smithtown; 1,200 s/f to Homeowners Insurance, Inc., Holbrook; 1,000 s/f to Amp Associates, Inc., Hauppauge; 1,000 s/f to L & D Documents, Bohemia; 1,000 s/f to Baier Esq., Bohemia; 1,000 s/f to PSL Industries, Bohemia; 1,000 s/f to Therapeutically Yours; 1,000 s/f to North Shore Rarities, Patchogue; 1,000 s/f to Dono Frio Inc., Bohemia; and 800 s/f to Cardiometabolic Network.
Among the recent industrial deals completed are: 8,600 s/f to Kinematica, Bohemia; 7,500 s/f to Unique Performance, Medford; 5,500 s/f to Marcello Trucking Corp., Bohemia; 5,000 s/f to Diggin Racing, Bohemia; 3,500 s/f to Cross Fit, Bohemia; 3,500 s/f to Give It Your All Sports; 3,200 s/f to Gentry Manufacturing, Bohemia; 3,000 s/f to Get Moving USA, Medford; 3,000 s/f to Living Doors Inc., Medford; 2,500 s/f to R & B Bender Group; 2,500 s/f to LJG Construction Group; 2,000 s/f to Home Sys Integrations, Bohemia; 2,000 s/f to Gregory's Corp., Bohemia; 2,000 s/f to Montigny Enterprises, Bohemia; 2,000 s/f to Long Island Mantel; 1,850 s/f to Air Seal Insulation Systems, Medford; 1,800 s/f to 21st Century Snacks; 1,800 s/f to Gisco Corp., Bohemia; and 1,500 s/f to Accelerated Services. Tags: