Why implement your office in Long Island?

Long Island, situated just east of New York City, boasts a vibrant and robust commercial real estate market, making it an ideal destination for office leasing. With its strategic location and excellent transportation infrastructure, Long Island provides easy access to both metropolitan areas and major airports, facilitating business connectivity and growth. The region's diverse economy, encompassing sectors such as finance, healthcare, technology, and education, offers a wealth of opportunities for companies of all sizes and industries. Moreover, Long Island's office leasing options are plentiful, ranging from modern high-rise buildings in bustling urban centers to suburban office parks surrounded by lush greenery. These spaces are often equipped with state-of-the-art amenities, including advanced technology infrastructure, collaborative workspaces, and onsite amenities like gyms, cafeterias, and conference facilities. Whether businesses are seeking a prestigious corporate headquarters or a flexible shared office space, Long Island provides a dynamic and conducive environment for success.

How much does it cost to rent an office in Long Island?

The cost of renting an office in Long Island can vary depending on several factors, including the location, size, quality, and specific requirements of the space. In general, office rental prices on Long Island can range from around $20 to $60 per square foot annually.

To read: our Long Island MarketBeat Office report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are office space rents likely to increase in Long Island?

Long Island has historically experienced fluctuations in its commercial real estate market, with periods of growth and stability. Factors such as economic growth, increased demand for office space, and limited supply can contribute to rent increases.

Popular neighborhoods in Long Island

Long Island offers a variety of popular neighborhoods for leasing office space, each with its own unique characteristics and advantages. Here are a few notable neighborhoods:

• Melville: Located in the heart of Long Island, Melville is known as a prominent corporate and business hub. It offers a range of office spaces, including modern office parks and prestigious corporate headquarters, attracting companies from various industries.
• Hauppauge: Another sought-after location for office leasing, Hauppauge is home to a mix of professional services, technology firms, and medical offices. It offers convenient access to major highways and is well-connected to other parts of Long Island.
• Garden City: Known for its upscale commercial and residential areas, Garden City features a charming downtown district with boutique office buildings and mixed-use developments. It offers a blend of professional and retail spaces and is known for its vibrant atmosphere.
• Great Neck: Situated on the North Shore of Long Island, Great Neck is a thriving commercial area with a mix of office buildings, retail spaces, and dining options. It enjoys excellent transportation links and is often considered a prime location for businesses.
• Plainview: With its central location and proximity to major highways, Plainview has become an attractive neighborhood for office leasing. It offers a range of office complexes, including both modern and traditional spaces, making it suitable for businesses of different sizes.

Getting to and from Long Island

Getting to and from Long Island is convenient due to its proximity to major transportation hubs. Here are some common modes of transportation for traveling to and from Long Island:

• Air Travel: Long Island is served by several airports. The major airport is John F. Kennedy International Airport (JFK), located in Queens, which provides both domestic and international flights. LaGuardia Airport (LGA), also in Queens, is another option for domestic travel. Additionally, Long Island MacArthur Airport (ISP) in Ronkonkoma offers domestic flights and is a convenient choice for travelers within the region.
• Train: The Long Island Rail Road (LIRR) is a reliable and popular mode of transportation for commuting to and from Long Island. It connects major Long Island towns and cities with Penn Station in Manhattan, providing easy access to New York City. The LIRR offers both regular and express train services, making it a convenient option for both work and leisure travel.
• Car: Long Island is accessible by car via several major highways, including the Long Island Expressway (I-495), Northern State Parkway, Southern State Parkway, and Sunrise Highway. These highways connect Long Island to other parts of New York State, including New York City, as well as neighboring states.
• Ferry: Long Island is also served by ferry services, primarily connecting to nearby coastal areas. The Cross Sound Ferry operates between Orient Point on the eastern tip of Long Island and New London, Connecticut. There are also ferry services that connect Fire Island, a popular beach destination, to mainland Long Island.
• Public Transportation: Long Island has an extensive public transportation network, including buses that serve various towns and cities within the region. These buses provide convenient local transportation options, connecting residents and visitors to shopping centers, residential areas, and transportation hubs.