Figures

Long Island City Office Figures H1 2026

July 8, 2026 10 Minute Read

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  • Leasing activity totaled 108,000 sq. ft. in H1 2026, 45% behind the 197,000 sq. ft. half-year average witnessed over the past five years.
  • 340,000 sq. ft. of negative absorption occurred in H1 2026.
  • The availability rate decreased to 24.3% in H1 2026, up 260 basis points (bps) from H2 2025 and up 10 bps year-over-year.
  • At 7.2%, the sublease availability rate was up 10bps from H2 2025 and up 20 bps from the same time last year.
  • Overall average asking rent was $52.42 per sq. ft. in H1 2026, down 2% from both H2 2025 and the same time last year.