Melville Industrial

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,990
As of: May 24, 2017

Melville Rates

Most listings are in the $30's per square foot per year. The Melville submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.

Melville Listing Supply

In the last 90 days, 29 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Melville are subleases, so you will probably have to consider a longer term 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 3,990 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1980 and are Class A.

Melville Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Melville folk. Commuting between 20 and 25 minutes 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 Melville.
Market Report

Market Data

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

Melville Submarkets