• Fourth quarter leasing activity totaled 125,000 sq. ft., a decrease of 37% from Q3 2018.
  • Year-end leasing activity totaled 1.04 million sq. ft., a drop of 22% from a year ago.
  • Q4 2018 registered 78,000 sq. ft. of positive absorption, causing availability to decline 10 basis points (bps) from the previous quarter.
  • Asking rents were $42.81 per sq. ft. and remained relatively unchanged quarter-over-quarter.
  • Governor Andrew Cuomo announced that plans for a 15-month shutdown of the L-train, which would have impacted travel between Manhattan and Williamsburg, have been scrapped.