Melville Sublease

Melville

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,410
As of: July 23, 2017

Melville Rates

The typical asking rate per listing is in the $40's per square foot per year. The Melville region is seeing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 23% increase in rent.

Melville Listing Supply

In the last 90 days, 29 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 128% of the office spaces in the Melville are subleases, so you might be able to snag a great spot on a short term. 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 5,410 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1981 and are Class A.

Melville Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Melville residents. 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