Melville Industrial

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
4,870
As of: June 23, 2017

Melville Rates

Most listings are in the $30's per square foot per year. The Melville submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $35 per sqft per year.

Melville Listing Supply

In the last 90 days, 29 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 141% of the available space in the Melville 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,490 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1980 and are Class A.

Melville Community

Market Report

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

Market Data

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

Melville Submarkets