Smithtown Retail

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Smithtown

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,770
As of: August 17, 2017

Smithtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Smithtown submarket is experiencing a a rise 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 come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces in the Smithtown 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 3,770 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 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