Selinger Enterprises, Inc.
410 Jericho Turnpike
Jericho, NY 11753
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Life is Good!
July 7, 2017
By Ross Selinger
The sun, the stars and the moon are all in alignment for the economy to continue its strongest growth since 2003. The evidence is the GDP rising significantly at the end of 2013. Corporate profits and the stock market hitting record highs; consumer d…
How to Plan New Office Space
Today’s office space design is radically different than the past. Traditional users of office space, such as companies in the legal, accounting and financial industries, design their offices to emphasize the hierarchy of its managers/employees and to a…
The Over / Under Office Market
According to CoStar, the average U.S. vacancy rate decreased to 11.4 percent in the 2nd quarter of this year. However, many office markets are flourishing while others are stagnant. So, which areas are over-performing and which are under-performing?…
Good News/Bad News
Slowly but steadily, the U.S. economy has been roaring back. The GDP has been above 3.5 percent four out of the last five quarters. The stock market rose 11.4 percent in 2014 for the third straight year of double-digit growth. Unemployment has dropped…
A Tale of Two Markets: Office Space For Lease on Long Island versus National Office Space For Lease
The national office market continues to be strong. It is driven by the economy’s slow but steady recovery. This is evidenced by the third quarter’s surprising 3.5% GDP, unemployment decreasing to 5.9% and the strong stock market. Low energy costs h…
Office Markets Mirror Job Growth
Reducing unemployment continues to be an ongoing focus in the U.S. and abroad, and while the results are mixed, the overall trend is positive. The high growth fields of energy and technology are experiencing the strongest resurgence in the U.S. result…
State of the Long Island Market
L.I Market Watch
“How’s the commercial market doing?” is the question I am most often asked. The answer is different for each national CBD. Many cities with suffering industries have seen their occupancy rates dwindle. This has driven the vacancy rate for the country t…
It’s A Tenant’s Market: Take Advantage!
Tens of thousands of businesses can significantly reduce their office rents right now. This is not a government program, so please don’t call them. To be eligible, you have to be: A tenant in good standing Creditworthy Have a lease that terminates in t…
The Only Change is No Change
2nd Quarter 2011 The national economic malaise continues due to high unemployment, rising prices, weak consumer demand, housing and retail sales. The Long Island economy also continues to be anemic. Held back by high unemployment of 7.5%, only the he…
It’s a Good Time to be a Tenant
From 2002 to 2008 the commercial office market on Long Island was on an upward spiral. Fueled by a growing economy, the rents kept rising as the vacancy rates kept falling. By the summer of 2008 the average asking rent for Nassau and Suffolk County “…
How to Take Advantage of Today’s Soft Real Estate Market
1st Quarter 2012 “It’s déjà vu all over again”! After a year of positive economic news, the first quarter of 2012 remains a mixed bag of economic news. Gross Domestic Product, housing starts and manufacturing all declined while consumer spending and h…
Fall 2005 Report
“A Catastrophe of Biblical Proportions” We have never heard this description of an event in our country before. The concern now is the ultimate impact on our economy. During the past five years fuel prices have increased by 50% and the deficit by 500%….
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