Medford Office Market Trends

Office Rental Market

  • $20.67 2019 Avg. Asking Rent
  • 39.88 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Medford was $20.67 per square foot, and the office vacancy rate across the market averaged 39.88 %. During 2019, developers added 0 square feet of new office space to the Medford market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Medford Class B Office Buildings$20.80
  • Medford Class C Office Buildings$20.02
  • NY Class A Office Buildings$71.98
  • NY Class B Office Buildings$36.81
  • NY Class C Office Buildings$24.83

Medford, NY Office Asking Rents by Class

OFFICE CONSTRUCTION IN Medford, NY

  • Medford, NY Total Sqft completed in 2019 0
  • Medford, NY Total Sqft under construction in 2020 0
10 Largest Office Buildings in Medford
Building name Address Total Sqft Year built
Brookhaven Professional Center 3231-3253 Route 112, 11763 155,079 1970
North Ocean Plaza 1721 North Ocean Avenue, 11763 68,000 1986
Heron Professional Center 2410 North Ocean Avenue, 11738 47,000 1981
2410 North Ocean Avenue 2410 North Ocean Avenue, 11738 47,000 1981
12 Platinum Court 12 Platinum Court, 11763 31,288 2002
Brookhaven Executive Center - Buildings 7 & 8 3241 State Route 112, 11763 30,008 1987
Brookhaven Executive Center - Buildings 5 & 6 3235 State Route 112, 11763 29,991 1987
Brookhaven Executive Center - Buildings 3 & 4 3247 State Route 112, 11763 29,864 1987
Brookhaven Executive Center - Buildings 1 & 2 3243 State Route 112, 11763 29,591 1987
570 Expressway Drive South 570 Expressway Drive South, 11763 29,000 2002
Largest Office Properties Recently Completed in Medford
Office building Address Sqft Completed
12 Platinum Court 12 Platinum Court, 11763 31,288 2002
570 Expressway Drive South 570 Expressway Drive South, 11763 29,000 2002
Suffolk Federal Credit Union Medford Headquarters 3681 Horseblock Road, 11763 27,000 1989
Brookhaven Executive Center - Buildings 7 & 8 3241 State Route 112, 11763 30,008 1987
Brookhaven Executive Center - Buildings 5 & 6 3235 State Route 112, 11763 29,991 1987
Brookhaven Executive Center - Buildings 3 & 4 3247 State Route 112, 11763 29,864 1987
Brookhaven Executive Center - Buildings 1 & 2 3243 State Route 112, 11763 29,591 1987
North Ocean Plaza 1721 North Ocean Avenue, 11763 68,000 1986
Heron Professional Center 2410 North Ocean Avenue, 11738 47,000 1981
2410 North Ocean Avenue 2410 North Ocean Avenue, 11738 47,000 1981
Data provided by Commercial Edge

Office Spaces for Rent in New York

See trends for nearby markets

The Medford office market contains an inventory of 273,330 square feet of office space, in 25 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.