January Edition of the Koenigsberg Long Island Bulletin
Click to Download the PDF version of the Koenigsberg Long Island Bulletin - January edition
Rental rates and vacancy rental rates looking strong in Long Island
The vacancy rate in the Long Island office market, which includes both Nassau and Suffolk County, is improving. By the end of the 3rd quarter of 2013, the vacancy rate stood at 10%. This is down from the 10.3% statistic we saw at the end of the second quarter. In other words, the numbers are definitely [...]
Koenigsberg of AIP Brokers $2.75 Million Sale
October 28, 2013 Bethpage, NY Ron Koenigsberg of American Investment Properties represented the sale of the Pasta Time Plaza at 4270-4294 Hicksville Rd., along with Joe Palazzotto of Realty Plaza Commercial Brokerage. The 10,050 s/f retail building sold for $2.75 million ($273 per s/f). This sale price was achieved as a result of teamwork and experience. Read [...]
A Demand for Larger Spaces & A Lower Level of Risk
Further bolstering Long Island’s commercial real estate position is the demand for larger spaces. This is a direct result to the diminishing available land left for development. Commercial structures on Long Island are being built at a steady rate and this, in turn, translates into investor confidence. In times of uncertainty, people clearly want to invest [...]
The Current Real Estate Investment Trends
Our team at American Investment Properties is always researching the latest trends. Staying updated on the trends in the commercial real estate market allows us to be proactive, not reactive. In this article we cover current trends that are going on in the industry. Ramp up your knowledge and "get a leg up" on the competition [...]
The Current Long Island Commercial Real Estate Market September 2013
It is no secret that the Long Island residential real estate market isn’t exactly at historic highs. We at American Investment Properties often have our clients asking us how this phenomenon in the residential market impacts the commercial real estate market on Long Island? In short, the answer is not much. Office Market Recent Vacancy Rates [...]
Keeping up with The Kardashians; I mean The Smiths
While even those who claim to be anti-pop culture at least know of The Kardashians - and heard of the nano-second marriage of whichever sister married an NBA player - much fewer are versed in the accomplishments of Adam Smith. He is regarded as the pioneer of political economics and the founder of capitalism: 235 years [...]
Tough 2010 on Tap for Commercial Real Estate
by David Winzelberg Dolan Media Newswires LONG ISLAND, NY -- Commercial real estate won’t make a comeback for another year, according to a report from one of the nation’s leading real estate advisers. Grubb & Ellis said 2010 commercial real estate fundamentals will decline more slowly than in 2009, with most property types reaching bottom near [...]