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Long Island City Market Reports

Long Island City Office Market

Average Asking Rent (Price/SF) $46.39
Availability Rate (%) 26.0%
Net Absorption (SF) -1,091,474

Asking rents continue to scale new heights. The second quarter of 2018 marked the fifth consecutive quarter that rents have set a new record. The second quarter ended at $46.39/SF, more than double the asking rent from five years ago. This quarter marks the second consecutive quarter to have rents in the $40s. New developments and large renovations caused this rise over the last five years.



Long Island City Office Market Report
2Q18
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