Roadway Moving, Contenur Take Combined 231K SF at Innovo’s 28-90 Review Avenue
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 113th New York story tracked on the wire in September 2026. All New York coverage →
Computed from Real Estate Trail’s own tracked coverage
Innovo Property Group signed expansive leases for two industrial tenants in one of the company’s developments in Long Island City, Queens. In the largest of the two deals, Roadway Moving , a full-service moving and st…
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