Office sublease space in Long Island mounts with Class A seeing the largest increase in availability

Long Island office sublease availability rate

• From the onset of the pandemic, the office sublease availability rate for Long Island has risen from 0.7% in 2019 to 2.4% in 2023.
• Class A was the largest influence on that rise, with the class itself jumping almost 300 basis points compared to 2019.
• Office sublease availability has not been driven by a singular industry; but tech, banking, and media are all contributing towards the largest blocks of sublease availability.

May 10, 2023

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