NYC Outer Boroughs Leasing Momentum Continues

After a historic 2022, industrial property leasing momentum carried into 1Q 2023 despite macroeconomic uncertainties. Leasing volume, delivery of pre-leased buildings, steady absorption rates, low vacancy, and asking rents near $36.50 per square foot all contribute to strong market fundamentals. The rise in demand for warehouse-logistics ready space presents opportunity for GatewayJFK to take action in removing barriers to new development, strengthening its position and competitiveness in the marketplace for years to come.

Contact director@gatewayjfk.org with any questions.