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% decrease in rent.
In the last 90 days, 331 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1981 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Melville occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Melville.
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