Long Island office market reports

Q4 2022

12.3%

Availability

12.3% of space is available on a direct basis in Q4 2022, up from 11.2% in Q4 2021.

-1.5%

Occupancy loss

-1.5% in occupancy loss occurred in 2022, equating to -898,588 in net absorption.

$414m

Sales volume

$414m in sales volume transacted in 2022 averaging at $198 psf, mirroring 2021 average pricing

1.9%

Sublease availability

1.9% of space is available on a sublease basis in Q4 2022, up from 1.7% in Q4 2021

$28.05 psf

Average asking rent

$28.05 psf average asking rent registered in Q4, down from $28.12 in Q3 2022.

0 sf

Construction

0 sf of constructionis underway, with approximately 41,000 sf delivering in 2022.

Download Long Island Office Market Report Q4 2022

Your source for the latest Long Island office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater Long Island area. Avison Young advisors look at Long Island commercial real estate activities and the latest Long Island statistics to provide you expert market research on Long Island's office properties.

Explore different topics like the latest office market pricing trends and analysis of Long Island's current office real estate market conditions. Gain a better understanding of Long Island’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Long Island's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights on Long Island.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.