Dive Summary:

• An improving economy and less available store-front space have led to a rise in cost for physical retail space along the east coast on Long Island, New York.
• IN the second quarter, rental rent saw a rise of $23 per sq. ft., or 0.9% higher than the figures from the first quarter in 2013, according to figures released by the Wall Street Journal.
• "It's already, of course, a tight market…so any kind of interest in space out there should translate to a family meaningful [rent] increase," stated senior economist Ryan Severino.

From the article:

Landlords were able to raise rents partly because the supply of space has been kept low by a lack of new development. Long Island's vacancy rate in the second quarter was 5.1%—the third lowest of the 77 markets Reis tracks, behind San Francisco and Fairfield County in Connecticut—and well below the national rate of 10.5%.