Melville Sublease

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,470
As of: March 12, 2017

Melville Rates

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

Melville Listing Supply

In the last 90 days, 29 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 21% of the available leases 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,470 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area 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