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Long Island City Market Reports

Long Island City Office Market

Average Asking Rent (Price/SF) $44.19
Availability Rate (%) 21.5%
Net Absorption (SF) -320,548

Market fundamentals improved across all three submarkets this quarter. Quarter over quarter, average asking rent increased by 6.1%, led by The Factory District and Astoria. These submarkets grew by 9.8% and 7.2%, respectively. Hunters Point saw a 3.3% increase in average asking rent.

Long Island City Office Market Report
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