Family Office Briefing on research byNewmark·Jan 31, 2025
Long Island Office Market Report 4Q24
Long Island office market rebounds with 97,564 square feet of absorption in 4Q24 — family offices should consider co-GP opportunities with distressed assets.
Key Metrics
| Metric | Value |
|---|---|
| Total Absorption | 97,564SF |
| Vacancy Rate | 11.9% |
| Asking Rent | 28.44$/SF |
| Leasing Activity | 496,376SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
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