Figures
Long Island Office Figures Q1 2026
April 8, 2026 10 Minute Read
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‒ Leasing totaled 406,000 sq. ft. during the quarter, down 15% from Q4 2025 and slightly below the five‑year quarterly average.
‒ Long Island’s availability declined 30 bps quarter-over-quarter to 12.8%—marking the lowest level since 2021.
‒ Net absorption totaled 6,500 sq. ft. in Q1, marking the third consecutive quarter of positive absorption.
‒ Average asking rents across Long Island were flat in Q1 2026 at $31.09 per sq. ft., unchanged both quarter-over-quarter and year-over-year.