Melville Industrial

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
5,410
As of: July 19, 2017

Melville Rates

Most listings are in the $40's per square foot per year. The Melville region is seeing a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 38% increase in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 110% of the available leases 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 5,410 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market 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