Melville Office Space

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 21, 2017

Melville Rates

The typical asking rate per listing is 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 $13 per sqft per year. That's a 38% increase in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 110% of the office spaces in the Melville are subleases, so you might be able to snag a great spot on a short term. 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 5,410 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area 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 region. Commute by public transit is the most popular way to get to work amongst Melville occupants. 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