• Leasing activity totaled 336,000 sq. ft. during Q2 2021, a 13% improvement from Q1 2021 and 21% below the five-year quarterly average for Long Island.
  • The availability rate increased 60 basis points (bps) from Q1 2021 and 310 bps from a year ago, ending the quarter at 13.7%.
  • Sublease availability rose to 1.1 million sq. ft., up 77% from Q2 2020.