Family Office Briefing on research byMarcus & Millichap·May 22, 2026

New York Industrial Market Report - 2Q 2026

Marcus & Millichap's 2Q 2026 New York industrial report examines the metro's supply-demand imbalance, elevated vacancy near 9 percent, and diverging performance between large multi-story logistics facilities and small-bay infill properties.

IndustrialNew York2026

Key Metrics

Metric	Value	Change / Context
Metrowide Vacancy Rate (Q1 2026)	9%	near historic high
Vacancy Rate - 2020s-Vintage Properties	35%	above
Bronx Vacancy Rate	13%	above

Metrics extracted from the source report and independently fact-checked. Method →

How a family office could deploy

Co-GP / Platform Capital · share the promote

Partner at the GP level with a small-bay infill specialist or urban logistics operator active in the Bronx or outer boroughs, co-investing in a platform or JV equity to share promote on repositioning or lease-up of sub-50,000 SF properties with functional loading.

Direct / Separate-Account Ownership

Acquire distressed or under-leased multi-story logistics assets completed in the 2020s (Queens/Bronx) directly or via separate account at a basis below replacement cost, banking on long-term lease-up and potential conversion or re-tenanting strategies.

LP Allocation

Commit as a passive LP to a New York-focused industrial value-add or opportunistic fund targeting stabilization of over-supplied large-format product or infill repositioning.

How family offices deploy capital into real estate →

Full report

Marcus & Millichap

Read the full report at Marcus & Millichap →

Building a thesis around New York? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent industrial strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.