• First quarter leasing activity totaled 671,000 sq. ft., 99% above the four-year quarterly average.
  • Adjustments to existing and new inventory in conjunction with several large space additions pushed the availability rate up to 21.0%.
  • Pricing remained virtually unchanged through the first three months of 2019.
  • The Brooklyn office supply pipeline remains robust, with 12 projects totaling 3.4 MSF under construction or undergoing redevelopment.