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Long Island City Market Reports

Long Island City Office Market

Average Asking Rent (Price/SF) $38.35
Availability Rate (%) 17.3%
Net Absorption (SF) -63,475

Availability in Long Island City reached an all-time high of 17.3% in the third quarter of 2017, continuing the upward trend that has seen vacancy increase from 8.5% to 15.4% over the past year. Strong leasing activity in Astoria reduced the net absorption total to negative 63,475 square feet, an improvement over last quarter's negative 248,862 square feet of net absorption.



Long Island City Office Market Report
3Q17
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