LI rents rising as developers struggle to meet demand for apartments.

The growing number of rental complexes provides more options for Long Island apartment-hunters. Communities such as Patchogue, Farmingdale and Mineola are flourishing in part because of new downtown rental buildings. There is a significant increase in the stock of rentals and a strong demand for high-end rentals—primarily from baby boomers who are selling their homes. This has led to a faster-than-expected pace of lease signings.

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