Long Island Industrial Figures Q2 2026

The Long Island industrial market maintained stable fundamentals in Q2 2026, supported by healthy tenant demand and a limited supply of large-block space. Net absorption surpassed 800,000 sq. ft. during the quarter, contributing to a 70 basis point (bps) vacancy rate decline to 7.0%. Leasing activity totaled 905,000 sq. ft., representing a 43% increase from the previous quarter, driven by demand from wholesale/retail, e-commerce and logistics tenants. Several mid-sized lease transactions were completed during the quarter, reflecting continued occupier activity across the market.