On average, listings lease in the $30's per square foot per year. The Melville region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 29 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 21% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,470 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1980 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. 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.