The inudstrial JFK Airport Corridor has a vacancy rate of only4% in its four million sf of space. Within AMB's property here, newtenants in addition to MRZ include First In First Out CFS Corp.,Powerhouse Customs Brokerage Services Inc., McKinley Cargo Corp.,Hawk Freight Services Inc., Phoenix International Services Inc.,Market Pioneer International Corp. and Express Air FreightUnlimited Inc. All of the new tenants are completing their movesinto the space.

JFK Corridor has become an attractive submarket thanks in part,of course, to its proximity to the international airport. Otherexplanations, according to a spokesperson for Cushman &Wakefield, are accessibility to nearby Manhattan, the labor pool ofBrooklyn and Queens and JFK International Airport's global rankingas a top manager of air cargo with 1,800 acres for thatpurpose.

With bragging rites over having one of the lowest airportindustrial vacancy rates in the nation, there are plans areunderway for another half million sf of construction to begin inthe next several months. C&W says that the industrial growth inthe area is the result of inflow of transshipment customers,airline, trucking and distribution companies.