Figures
Long Island Office Figures Q2 2026
July 8, 2026 10 Minute Read
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Long Island's office market tightened further in Q2 2026: availability fell to a post-pandemic low of 12.1%, down 250 basis points (bps) year-over-year, alongside positive net absorption and rising asking rents. Leasing activity of 436,000 sq. ft. outpaced the prior quarter by 7% and the five-year average by 3%. A key tailwind for landlords is the steady removal of obsolete and underutilized office stock via demolition or conversion, which is shrinking competing supply and supporting pricing power over the long term.