Long Island office market reports
Q4 2023
Net Absorption
In 2023, Long Island recorded a negative absorption of -599,000 square feet, including -113,000 square feet in the fourth quarter.
Asking Rents
In 2023, overall asking rents experienced a 2.0% increase, driven by a 2.8% rise in Suffolk County and a 0.8% increase in Nassau County year-over-year.
Available Space
Total available space has increased by 469,000 square feet from 2022. Presently, direct available space stands at 5.6 million square feet, while direct sublet space is at 1.3 million square feet.
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.
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