Figures

NYC Industrial Figures Q2 2026

July 8, 2026 10 Minute Read

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— Leasing activity totaled 413,000 sq. ft., declining 39% quarter-over-quarter and 53% year-over-year.

 

— Net absorption totaled negative 589,000 sq. ft. during the quarter, increasing the vacancy rate by 40 basis points (bps) to 7.8%. 

 

— Asking rents softened to $28.64 per sq. ft., declining 2% quarter-over-quarter and 10% year-over-year, with Brooklyn posting the steepest rent correction.