Figures
Long Island Office Figures Q4 2025
January 8, 2026 10 Minute Read
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‒ Leasing activity totaled 475,000 sq. ft. in Q4 2025—down 12% quarter-over-quarter but up 15% from the five-year quarterly average.
‒ Full-year leasing activity totaled 1.8 million sq. ft., 12% above 2024’s total and 11% higher than the five-year average.
‒ Quarterly absorption was 124,000 sq. ft., bringing year-to-date net absorption to 756,000 sq. ft.
‒ The availability rate was 13.1%—down 30 basis points (bps) from the prior quarter and 190 bps year-over-year.
‒ The sublease availability rate was 2.2%, down 20 bps quarter-over-quarter and 120 bps year-over year.
‒ The overall average asking rent was relatively unchanged from the prior quarter and year-over-year at $30.92 per sq. ft.