Merritt Island Retail

Merritt Island

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,500
As of: July 26, 2017

Merritt Island Rates

The typical asking rate per listing is in the $10's per square foot per year. The Merritt Island region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decline in rent.

Merritt Island Listing Supply

In the last 90 days, 34 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 26% of the available space in the Merritt Island 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1989 and are Class B.

Merritt Island Community

Market Report

Trends and status of the commercial real estate market in Merritt Island.
Market Report

Market Data

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

Merritt Island Submarkets