Community Housing Innovations study: Young professionals are leaving LI

According to a new study, Long Island's richest communities are losing young professionals at a rapid rate.



In a report released by Community Housing Innovations, Kings Point has lost 58 percent of its 25- to 34-year-olds since 2000. Those numbers include 57 percent in Westhampton and 51 percent in Oyster Bay.



The exodus, dubbed brain drain, is expected to affect many areas of Long Island, including school districts, businesses and volunteer fire departments and emergency medical services.



Alexander Roberts, of Community Housing Innovations, says business office vacancies on Long Island have reached 11 percent.



"If we don't change things, it is only going to get worse and the population is only going to gentrify further," says Roberts.



Community Housing Innovations warns that unless the suburbs change their preference for single-family houses, they will price out much of their work force.



For a news conference on the demographic collapse, watch the clip to the left or click News 12 Extra on Optimum TV channel 612.


sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."