Smithtown Retail

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Smithtown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
500
As of: January 21, 2017

Smithtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Smithtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 67% increase in rent.

Smithtown Listing Supply

In the last 90 days, 3 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 500 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area 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 region. Commute by public transit is the most popular way to get to work amongst Smithtown occupants. 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