DUMBO in Brooklyn/ Photo by Banter Snaps on Unsplash
NEW YORK CITY—CBRE's recent research bodes well for offices in Brooklyn and Long Island City, Queens. Brooklyn's leasing activity in Q2 2019 at 599,000 square feet was 71% above the four-year quarterly average. It was the borough's consecutive quarter with office leasing topping 500,000 square feet. Long Island City, Queens leased 558,000 square feet of office space for H1 2019. This represented a 170% increase above the 207,000 square feet leased in H1 2018.
Brooklyn
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
