"Private-sector users remained scarce, and the boroughs again lagged Manhattan's healthier leasing market. Long Island City and parts of Brooklyn continued to draw big-footprint tenants, but the surge of Midtown leasing still hasn't translated across the river. Brokers say outer borough availability remains high and deal flow uneven, even as education and public-service users quietly make up a growing slice of new leases."
"The city's DOT brought the year's biggest outer borough deal, signing on for more than 212,000 square feet at 47-25 34th Street in Long Island City. The agency took the space from Metropolitan Realty Associates and Nuveen and plans to use it for both industrial and office uses. Newmark and SL Green represented the landlord side and a CBRE team represented the tenant."
Outer borough office leasing in 2025 relied heavily on government agencies, schools and mission-driven groups while private-sector demand remained scarce. Brooklyn and Queens trailed Manhattan’s healthier leasing market despite pockets of big-footprint activity in Long Island City and parts of Brooklyn. Overall availability stayed high and deal flow remained uneven across the boroughs. Public-service and education users increasingly filled large spaces, producing several of the year’s biggest commitments. Notable transactions included the NYC Department of Transportation’s more-than-212,000-square-foot lease at 47-25 34th Street, Spectrum’s 200,000-square-foot renewal in Greenpoint, and Brooklyn Prospect Charter School’s nearly 148,000-square-foot lease at 181 Livingston Street.
Read at therealdeal.com
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