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Brooklyn Market Reports

Brooklyn Office Market

Average Asking Rent (Price/SF) $42.38
Availability Rate (%) 19.3%
Net Absorption (SF) -9,540

The Brooklyn office market was relatively quiet during the second quarter. Several mid-level deals drove leasing, accompanied by small blocks of space added to the market. Asking rents finished the quarter at $42.38/SF, remaining stable from the first quarter. Availability stood at 19.3%, down 20 basis points quarter-over-quarter.

Brooklyn Office Market Report
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