Lake Success Industrial

Lake Success

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Lake Success Rates

The typical asking rate per listing is in the $40's per square foot per year. The Lake Success submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% rise in rent.

Lake Success Listing Supply

In the last 90 days, 4 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Lake Success are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,620 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1970 and are Class A.

Lake Success Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lake Success occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lake Success.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lake Success.

Lake Success Submarkets