Smithtown Sublease

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Smithtown

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
800
As of: June 22, 2017

Smithtown Rates

Most listings are in the $20's per square foot per year. The Smithtown region is experiencing a a rise in rates. In the last 3 months, the median rate went up $25 per sqft per year.

Smithtown Listing Supply

In the last 90 days, 4 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the listings in the Smithtown 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 800 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1987 and are Class B.

Smithtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Smithtown residents. Commuting more than an hour and a half 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 Smithtown.
Market Report

Market Data

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

Smithtown Submarkets