Melbourne Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Melbourne is $20.96 per square foot, 7.58% higher compared to the previous year.
  • The market’s vacancy rate stands at 10.02%, lower than the state average of Florida, which is 15.13%.

2025 Office Space Rent & Sales

  • $20.96 2025 Avg. Asking Rent
  • 7.58% Y-o-Y Avg. Asking Rent Change
  • 10.02% 2025 Office Vacancy Rate
  • $33.5M2025 Total Office Sales
  • $120.10Avg. Sale Price/SF

What is the average asking rent price for office space in Melbourne?

Average asking rents for office space here stand at $20.96 per square foot. The local office market recorded an average vacancy rate of 10.02% in 2025, unchanged from 10.02% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $33.5M across 5 sales. These transactions commanded an average sale price per square foot of $120.10.

Melbourne, FL Office Asking Rents by Class

What is the average office rent per square foot by property class in FL?

  • Avg. Asking Rent Class A & A+$45.91
  • Avg. Asking Rent Class B$27.03
  • Avg. Asking Rent Class C$19.30

For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.

Explore Top Office Markets in Florida

2025 Office Sales Volume

  • $120.102025 Avg. Price per SF
  • -22.19%Y-o-Y Avg. PpSF Change
  • $33.5M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Melbourne?

Average sale prices for office space in this market recorded a -22.19% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $120.10 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.

Melbourne, FL Sale Price per SF Trend

  • Melbourne Avg. Sale Price per SF in 2025$120.10
  • Florida Avg. Sale Price per SF in 2025$209.15

What was the total office sales volume in Melbourne in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $33.5M.

  • Melbourne, FL Total Office Sales Volume in 2025 $33.5M
  • Melbourne, FL Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

Office Construction in Melbourne, FL

What are the largest recent office completions in Melbourne?

The largest recent office completion here is Indus Pavilion at 77,145 square feet, completed in 2003. The next largest completions are 5700 N Hwy 1 and Skyway Business Center.

Office building Address SF Completed
6345 N Wickham Road 102 6345 N Wickham Road 102, 32940 2,980 2023
3845 W Eau Gallie Blvd Ste 101 3845 W Eau Gallie Blvd Ste 101, 32934 2,590 2017
2020 W Eau Gallie Blvd Ste 104 & 105 2020 W Eau Gallie Blvd Ste 104 & 105, 32935 2,617 2014
Class A Office Directly Across from the Melbourne International Airport 1000 Revolution Technologies Way, 32901 17,000 2013
5700 N Hwy 1 5700 N Hwy 1, 32940 71,565 2009
CasaBella 6032 Farcenda Pl, 32940 5,846 2008
660 S Apollo Blvd 660 S Apollo Blvd, 32901 3,109 2008
Skyway Business Center 3125 Skyway Circle, 32934 20,074 2006
Indus Pavilion 2200-2290 W. Eau Gallie Blvd, 32935 77,145 2003
1532 N Harbor City Blvd 1532 N Harbor City Blvd, 32935 3,200 2003
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.