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Long Island City Market Reports

Long Island City Office Market

Average Asking Rent (Price/SF) $37.97
Availability Rate (%) 16.9%
Net Absorption (SF) -248,863

Availability in Long Island City reached 16.9% in the second quarter of 2017, a 180-basis-point jump from the previous quarter driven mainly by the addition of numerous large blocks and a low level of leasing activity. New mid-sized blocks added in Astoria and the Factory District pushed the absorption total to negative 248,863 square feet.



Long Island City Office Market Report
2Q17
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