Melville Office Space

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 27, 2017

Melville Rates

On average, listings lease in the $40's per square foot per year. The Melville region is going through a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.

Melville Listing Supply

In the last 90 days, 29 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 110% of the office spaces 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 available, 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 area are close to 3 stories. Most buildings in this area 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