On average, listings lease in the $30's per square foot per year. The Melville region is seeing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 33% decline in rent.
In the last 90 days, 333 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the listings in the Melville are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1981 and are Class A.
Real time and historical data on commercial real estate listings in Melville.
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