• Year-over-year, the availability rate decreased 50 basis points (bps) to 11.3%.
  • Leasing activity totaled 412,000 sq. ft. during Q4 2019, a 6% increase from the previous quarter but 15% below the five-year quarterly average for Long Island.
  • Overall leasing activity year-to-date totaled 1.89 million sq. ft., 19% above 2018’s year-to-date total.
  • Net absorption totaled positive 6,650 sq. ft. in Q4 2019, a reversal from Q3 2019’s negative 185,000 sq. ft.
  • The overall average asking rent was virtually unchanged quarter-over-quarter and up 1% year-over-year.