Figures

Long Island Office Figures Q3 2026

October 8, 2026 10 Minute Read

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Net absorption totaled negative 130,000 sq. ft. in Q3 2026, and availability increased to 12.4%, up 30 basis points (bps) from Q2 2026. Despite the quarterly uptick, availability remained 100 bps below the 13.4% rate recorded one year ago, reflecting the market’s continued improvement from recent highs. Meanwhile, average asking rents continued to rise, reaching $32.02 per sq. ft. in Q3 2026 compared with $31.39 per sq. ft. in Q2 2026, reflecting a multi-year upward rent trend even as availability fluctuated.