Figures

Brooklyn Office Figures Q2 2026

July 8, 2026 10 Minute Read

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‒ Leasing activity totaled 379,000 sq. ft. in Q2 2026, more than double the prior quarter and up 61% from the five-year quarterly average.
‒ The availability rate was 17.2%, down 190 basis points (bps) from the previous quarter and down 320 bps year-over-year.
‒ Absorption totaled positive 673,000 sq. ft. in Q2 2026.
‒ The average asking rent was $47.61 per sq. ft., down 3% from the prior quarter and down 12% year-over-year.
‒ The sublease availability rate was down 20 bps from the prior quarter to 1.6% and represented 10% of all available space.