Long Island City Office Market
| Average Asking Rent (Price/SF) | $51.70 |
| Availability Rate (%) | 23.2% |
| Net Absorption (SF) | 447,298 |
The Long Island City availability rate decreased by 324 basis points quarter over quarter, to 23.2%, marking the fifth consecutive quarter in which availability declined. Each Long Island City submarket recorded a decline in availability, dropping 596 basis points in Hunters Point, 152 basis points in Astoria, and 100 basis points in the Factory District.
Download Long Island City Office Market Report 3Q22