Melville Office Space

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

On average, listings lease in the $30's per square foot per year. The Melville region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,990 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1980 and are Class A.

Melville Community

A large portion of this region 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.

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