Merritt Island Industrial

Merritt Island

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,000
As of: August 21, 2017

Merritt Island Rates

On average, listings lease in the $10's per square foot per year. The Merritt Island region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decline in rent.

Merritt Island Listing Supply

In the last 90 days, 34 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the Merritt Island are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,250 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1989 and are Class B.

Merritt Island Community

Market Report

Trends and status of the commercial real estate market in Merritt Island.
Market Report

Market Data

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

Merritt Island Submarkets