Melville Commercial Real Estate

Melville

Market Report

Number of Listings
Posted in the last 90 days
16
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,780

Melville Rates

On average, listings lease in the $30's per square foot per year. The Melville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 26% decrease in rent.

Melville Listing Supply

In the last 90 days, 331 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Melville are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,780 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1981 and are Class A.

Melville Community

A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Melville folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Melville.
Research