Melville Industrial

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,470
As of: March 12, 2017

Melville Rates

Most listings are in the $30's per square foot per year. The Melville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% of the available space in the Melville 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,470 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1980 and are Class A.

Melville Community

A large portion of this area 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