2024 Office Space Rent & Sales
- $17.95 2024 Avg. Asking Rent
- 41.14% 2024 Office Vacancy Rate
Medford office price per square foot in 2024 was $17.95 on average. The local office market recorded an average vacancy rate of 41.14% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- New York Class A & A+ Office Space$59.04
- New York Class B Office Space$43.55
- New York Class C Office Space$35.67
Medford, NY Office Asking Rents by Class
Office Spaces for Rent in New York
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 570 Expressway Drive South | 570 Expressway Drive South, 11763 | 28,960 | 2002 |
| Brookhaven Professional Center | 3231-3253 Route 112, 11763 | 155,079 | 1970 |
Worth noting among recent office completions on the Medford market is 570 Expressway Drive South, which is currently the largest new office development in the city, at 28,960 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Medford commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.