Smithtown Office Space

Smithtown

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,770
As of: August 18, 2017

Smithtown Rates

Most listings are in the $20's per square foot per year. The Smithtown submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 16% increase in rent.

Smithtown Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 75% of the listings in the Smithtown 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,770 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1987 and are Class B.

Smithtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Smithtown residents. Commuting more than an hour and a half 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 Smithtown.
Market Report

Market Data

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

Smithtown Submarkets