Brooklyn Office Figures Q4 2025

Annual leasing tops 1.0 million sq. ft. for the first time since 2020

· Leasing activity totaled 306,000 sq. ft. in Q4 2025, down 8% from the prior quarter but up 29% from the five-year quarterly average.

· Year-end leasing was 1.37 million sq. ft., up 70% from a year ago.

· The availability rate was 20.1%, down 30 basis points (bps) from the previous quarter but up 40 bps year-over-year.

· Absorption totaled positive 119,000 sq. ft. in Q4 2025, bringing year-end absorption to negative 84,000 sq. ft.

· The average asking rent was $51.66 per sq. ft., down 3% from the prior quarter and down 6% year-over-year.

· The sublease availability rate was up 10 bps from the prior quarter at 1.6% and represented 8% of all available space.