6 Technology Drive Suite 200 East Setauket NY 11733 is more than just an address; it’s a glimpse into the heart of Long Island’s burgeoning technology scene. Nestled in the charming town of East Setauket, this address represents a hub of innovation and growth, attracting businesses and talent from across the region. The suite itself, located within a modern building, offers a prime location for businesses looking to establish themselves in a thriving technological ecosystem.

The surrounding area boasts a diverse array of businesses, including tech startups, established companies, and research institutions. The presence of these organizations further underscores the importance of East Setauket as a center for technological advancement. This address offers convenient access to major highways and public transportation, making it an attractive location for both employees and clients.

Location and Address

6 Technology Drive Suite 200 East Setauket NY 11733 is located in the heart of the Long Island technology corridor, a region known for its concentration of high-tech businesses and research institutions. The address itself is indicative of the area’s focus on innovation and technological advancement.

Surrounding Area

The surrounding area is a mix of commercial and residential properties. Nearby businesses include a variety of restaurants, retail stores, and professional services. The address is also close to several major highways, including the Long Island Expressway (LIE) and the Northern State Parkway, providing convenient access to other parts of Long Island and New York City.

Significance of the Address

The address is significant for the technology industry because of its proximity to several key institutions and businesses. The Stony Brook University campus is located just a few miles away, home to a renowned engineering school and a strong research presence in fields such as computer science, biotechnology, and nanotechnology. The Brookhaven National Laboratory, a world-leading research facility, is also located nearby, further contributing to the region’s technological expertise.

Real Estate and Market Trends: 6 Technology Drive Suite 200 East Setauket Ny 11733

East Setauket, NY, boasts a thriving commercial real estate market, particularly for technology companies. This area offers a unique blend of suburban charm and proximity to major metropolitan hubs, making it an attractive location for businesses seeking a strategic balance between accessibility and a more relaxed work environment.

Office Space Demand and Rental Rates, 6 technology drive suite 200 east setauket ny 11733

The demand for office space in East Setauket has been steadily increasing, driven by the influx of technology companies seeking a foothold in the Long Island region. This demand has led to a rise in rental rates, making it essential for businesses to carefully consider their budget and space requirements.

• Average Rental Rates: The average rental rate for Class A office space in East Setauket is currently around $35-$45 per square foot per year, which is slightly higher than the Long Island average. This reflects the desirability of the location and the limited supply of high-quality office buildings.
• Demand for Flexible Space: There is a growing trend towards flexible office spaces, such as coworking facilities and shared office suites, which offer businesses greater flexibility and cost-effectiveness. This trend is particularly prevalent among startups and smaller businesses looking to minimize their overhead costs.

Property Values

Property values in East Setauket have been steadily appreciating over the past few years, driven by a strong local economy and a limited supply of available land. This upward trend is expected to continue in the coming years, making commercial real estate investment in the area potentially attractive.

• Average Property Values: The average price per square foot for commercial properties in East Setauket is around $250-$350, depending on the property’s location, size, and condition. This is significantly higher than the national average, highlighting the premium placed on real estate in this desirable location.
• Factors Influencing Property Values: The value of commercial properties in East Setauket is influenced by several factors, including proximity to major highways, public transportation, and amenities. Properties located near the Long Island Expressway (LIE) and the Long Island Rail Road (LIRR) tend to command higher prices due to their enhanced accessibility.

Technology Industry Presence

East Setauket’s appeal to technology companies is driven by several factors, including:

• Tax Incentives: The State of New York offers various tax incentives to businesses operating in the technology sector, including the Empire State Development Corporation’s (ESD) “Tax Credits for High-Tech Businesses” program. These incentives can significantly reduce a company’s tax burden and make the area more attractive for investment.
• Infrastructure: East Setauket boasts a robust infrastructure, with reliable high-speed internet access, a well-maintained transportation network, and access to essential utilities. This ensures that businesses can operate smoothly and efficiently, without facing significant logistical challenges.
• Talent Pool: The area is home to several educational institutions, including Stony Brook University, which produces a steady stream of skilled graduates in STEM fields. This provides technology companies with access to a talented workforce, ready to contribute to their success.

Closing Notes

6 Technology Drive Suite 200 East Setauket NY 11733 embodies the spirit of innovation and growth that characterizes Long Island’s technology sector. The suite’s prime location, modern facilities, and access to a thriving ecosystem make it an ideal space for businesses looking to make their mark in the world of technology. As the technology industry continues to evolve, this address is poised to play an increasingly important role in shaping the future of Long Island and beyond.

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