On average, listings lease in the $40's per square foot per year. The Melville region is seeing a a rise in rates. In the last 3 months, the median rate increased $42 per sqft per year.
In the last 90 days, 29 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 110% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,870 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1980 and are Class A.
A large portion of this market 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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.