CBRE

FIGURES|LONGISLANDCITYOFFICE|H22025

Highestyear-endabsorptionsince2022

292k

LeasingActivity

Note:Arrowsindicatechangefromprevioushalfyear.

345k

NetAbsorption

24.3%

AvailabilityRate

QUICKFACTS

-Leasingactivitytotaled292,000sq.ft.inH22025,47%aheadofthe199,000sq.ft.

half-yearaveragewitnessedoverthepastfiveyears.Totalleasingfor2025amountedto415,000sq.ft.

-345,000sq.ft.ofpositiveabsorptionoccurredinH22025,bringingtheyear-endtotalto435,000sq.ft.

-Theavailabilityratedecreasedto24.3%inH22025,down250basispoints(bps)fromH12025anddown320bpsyear-over-year.

-At7.1%,thesubleaseavailabilityratewasup10bpsfromH12025andup20bpsfromthesameperiodlastyear.

-Overallaverageaskingrentwas$52.42persq.ft.inH22025,essentiallyunchangedfrombothH12025andthesameperiodlastyear.

21.5%

VacancyRate

$52.42

AverageAskingRent

FIGURE1:TopLeaseTransactionsforH22025

Size(Sq.

Ft.)

Deal

Type

Direct/

Sublet

Tenant

Address

91,462

RE

D

FortuneSociety

2976NorthernBoulevard

18,300

L

D

MWNY

210049thAvenue

15,119

L

D

NuveaMSO

3030NorthernBoulevard

Source:CBREResearch,H22025.Renewal(R),Expansion(E),RenewalandExpansion(RE).

1CBRERESEARCH?2026CBRE,INC.

FIGURES|LONGISLANDCITYOFFICE|H22025

2CBRERESEARCH?2026CBRE,INC.

FIGURE2:LongIslandCityMarketActivity

H22025

H12025

H22024

LeasingActivity

0.29MSF

0.12MSF

0.33MSF

Renewals

0.10MSF

0.00MSF

0.16MSF

Absorption

0.35MSF

0.09MSF

0.05MSF

AvailabilityRate

24.3%

26.8%

27.5%

VacancyRate

21.5%

24.1%

23.9%

AverageAskingRent

$52.42PSF

$52.01PSF

$52.57PSF

Source:CBREResearch,H22025.

250,000Sq.Ft.+

ADDRESS

RSF

1CourtSquare

316,699

3030ThomsonAvenue

306,156

1JacksonAvenue*

268,627

FIGURE3:AvailableLargeBlocks

100-249,999Sq.Ft.

ADDRESS

RSF

431023rdStreet

214,013

1CourtSquare

200,216

3JacksonAvenue*

193,228

1CourtSquare*

164,309

211051stAvenue

153,598

1JacksonAvenue*

121,746

2701QueensPlazaN

118,184

*representsasubleaseopportunity

3

12

Submarket

Total

Size(MSF)

No.of

Buildings

1

LICCore

6.8

21

2

LICEast

4.4

14

3

Astoria

2.5

17

TOTALINVENTORY13.752

Source:CBREResearch,H22025.

FIGURES|LONGISLANDCITYOFFICE|H22025

Definitions

Availability:Spacethatisbeingactivelymarketedandisavailablefortenantbuild-outwithin12months.Includesspaceavailableforsubleaseaswellasspaceinbuildingsunderconstruction.

AskingRent:Weightedaverageaskingrent.

LeasingActivity:Totalamountofsq.ft.leasedwithinaspecifiedperiodoftime,includingnewdeals,expansions,andpre-leasing,butexcludingrenewals.

LeasingVelocity:Totalamountofsq.ft.leasedwithinaspecifiedperiodoftime,includingnewdeals,expansions,andpre-leasingandrenewals.

NetAbsorption:Thechangeintheamountofcommittedsq.ft.withinaspecifiedperiodoftime,asmeasuredbythechangeinavailablesq.ft.

Definitions

T.I.:Tenantimprovements.

Vacancy:Unoccupiedspaceavailableforlease.

PercentageofLeasingbyIndustry:Thepercentageofsq.ft.leasedbyanindustrybasedontransactionswhereatenantandindustryhavebeenconfirmed.

SurveyCriteria

CBRE’smarketreportanalyzesfullymodernizedofficebuildingsthattotal25,000+sq.ft.inLongIslandCity,

includingowner-occupiedbuildings(exceptthoseownedandoccupiedbyagovernmentorgovernmentagency).Newconstructionmustbeavailablefortenantbuild-outwithin12months.CBREassemblesallinformationthroughtelephonecanvassingandlistingsreceivedfromowners,tenantsandmembersofthecommercialrealestate

brokeragecommunity.

Contacts

MichaelSlattery

Tri-StateResearchDirector+12126560583

Michael.Slattery@

WilliamBender

FieldResearchManager+12129848278

William.Bender@

JohnMoore

FieldResearchAnalyst+12129848299

John.Moore11@

?Copyright2026Allrightsreserved.Informationcontainedherein,includingprojections,hasbeenobtainedfromsourcesbelievedtobereliable,buthasnotbeenverifiedforaccuracyorcompleteness.CBRE,Inc.makesnoguarantee,warranty