Melville Sublease

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,990
As of: May 21, 2017

Melville Rates

On average, listings lease in the $30's per square foot per year. The Melville submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Melville are subleases, so you will probably have to consider a longer term lease. 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 3,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market 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