Melrose Office Space

Melrose

Office Space Market Report

Number of Listings (last 90 days)
4
Median Size (sqft)
50
As of: February 24, 2017

Melrose Rates

On average, listings lease in the $0's per square foot per year. The Melrose region is going through a decrease in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 100% decline in rent.

Melrose Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 50 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built in 1931 and are Class B.

Melrose Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Melrose 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 Melrose.
Market Report

Market Data

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