Long Island office market reports

Q3 2023

167,900 sf

Net absorption

Q3 experienced a second consecutive month of positive net absorption, with positive absorption increasing 163.8k sf compared to Q2.


Asking Rents

Overall asking rents saw a decrease of -0.8% due to a -1.3% decrease from Nassau County and a 0.4% increase from Suffolk County.

6.8 msf

Available Space

Total available space is down 180k sf from Q2. Direct available space is currently at 5.6 msf and direct sublet space is currently at 1.2 msf. This is indicative of an overall 12.5% availability rate.

Download Long Island Office Market Report Q3 2023

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