Melville Sublease

Melville

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,230
As of: February 24, 2017

Melville Rates

The typical asking rate per listing is in the $30's per square foot per year. The Melville region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.

Melville Listing Supply

In the last 90 days, 30 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Melville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 office spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1980 and are Class A.

Melville Community

A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Melville occupants. Commuting between 20 and 25 minutes 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 Melville.
Market Report

Market Data

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

Melville Submarkets