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Long Island City Market Reports

Long Island City Office Market

Average Asking Rent (Price/SF) $48.21
Availability Rate (%) 25.0%
Net Absorption (SF) 137,416

Long Island City was selected as one of two cities for Amazon's new headquarters, and the tech giant signed an LOI at 1 Court Square for approximately 1.0 million square feet in 2018. Amazon's move to Long Island City is expected to bring 40,000 new jobs by 2033. To bring these jobs to New York, Amazon was presented with more than $3.6 billion in incentives from the city and state.



Long Island City Office Market Report
4Q18
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