Gyrodyne Llc's Competitiveness

The Company operates in the leasing of medical, professional, general office, engineering, manufacturing, and warehouse spaces in St. James and Cortlandt Manor, New York. It competes with various real estate companies, some of which possess greater marketing capabilities, financial resources, and higher risk tolerance. Competitors may also be potential buyers of the Company's properties. Key factors influencing competition include property quality, leasing terms, location, financial strength, tenant services, and reputation. The Company also competes with pension funds, insurance companies, foreign investors, real estate partnerships, public and private real estate investment trusts, private individuals, and other domestic real estate companies, many of which have greater financial resources. Competition occurs both for tenants and purchasers of comparable properties.