GARDEN CITY, NY—The office, industrial and retail markets onLong Island saw either no change or slight increases in theirrespective vacancy rates in the third quarter of this year.

All three sectors did enjoy increases in rental rates over thatthree-month period, according to a report authored by RonKoenigsberg, president of American InvestmentProperties, Inc. of Garden City.

The Nassau and Suffolk County office market ended the thirdquarter with a vacancy rate of 9.9%. This is a very slight increasefrom the close of the second quarter of 2014 with vacancy rates at9.8%. The Nassau and Suffolk County industrial market ended thethird quarter with a vacancy rate of 4.9%. The vacancy rate at theend of the second quarter of 2014 was 4.8% and at the end of thefirst quarter the rate stood at 4.7%. Long Island's retail marketwas flat in the third quarter, posting the same market vacancy rateof 4.9% from the close of the second quarter to the end of thethird quarter in 2014.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.