Available sublease space on the Long Island Market is approaching its post-2005 peak

  • The amount of available sublease space in the Long Island market has reached its highest point since 2009, totaling 1.2 million square feet.

 

  • The percentage of sublease space in relation to the total available space on the market has risen by 4.8 percentage points since the end of 2022.

 

  • This increase in the substantial amount of available sublease space can be attributed to a major insurance firm listing their space on the market.

October 19, 2023

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