Long Island Industrial Figures Q4 2025

After three consecutive quarters of tightening conditions, the Long Island industrial market ended the fourth quarter with vacancy inching up 20 basis points (bps) to 7.1%. Despite only modest occupancy gains and a slight uptick in vacancy, leasing and development activity continued at a healthy pace. Net absorption totaled 54,582 sq. ft. bringing 2025’s total to 513,722 sq. ft. Leasing activity totaled 805,000 sq. ft. for Q4 2025 bringing the annual total to 2.8 million sq. ft., a 22% increase year-over-year. Three new projects broke ground during Q4, with several more developments expected to commence in the coming months, signaling continued confidence in the Long Island market. Meanwhile, asking rents continued to trend upward increasing quarter-over-quarter to $18.87 per sq. ft., due to new construction hitting the market.