Melville Sublease

Melville

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,230
As of: February 26, 2017

Melville Rates

Most listings are in the $30's per square foot per year. The Melville submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.

Melville Listing Supply

In the last 90 days, 30 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Melville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,230 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1980 and are Class A.

Melville Community

Market Report

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

Market Data

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

Melville Submarkets