Highlights
- The average rent for office space in Melville is $26.84 per square foot, 5.76% lower compared to the previous year.
- The market’s vacancy rate stands at 20.08%, higher than the state average of New York, which is 18.11%.
- Renting Class A/A+ office space here costs $34.73 per square foot, while Class B averages $25.60 and Class C stands at $22.75.
2025 Office Space Rent & Sales
- $26.84 2025 Avg. Asking Rent
- -5.76% Y-o-Y Avg. Asking Rent Change
- 20.08% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Melville?
Average asking rents for office space here stand at $26.84 per square foot. The local office market recorded an average vacancy rate of 20.08% in 2025, unchanged from 20.08% in 2024.
Melville, NY Office Asking Rents by Class
What is the average office rent per square foot by property class in Melville?
- Avg. Asking Rent Class A & A+$34.73
- Avg. Asking Rent Class B$25.60
- Avg. Asking Rent Class C$22.75
The average asking rent for Class A and A+ office space stood at $34.73 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Melville averaged $25.60 per square foot, while the average for Class C space was $22.75 per square foot.
What is the average office rent per square foot by property class in NY?
- Avg. Asking Rent Class A & A+$55.44
- Avg. Asking Rent Class B$43.40
- Avg. Asking Rent Class C$32.95
For comparison, the average rent for Class A and A+ office space in New York was $55.44 per square foot. The state-wide average for Class B space was $43.40 per square foot, and Class C office spaces averaged $32.95 per square foot.
What are the largest recent office completions in Melville?
The largest recent office completion here is 201 Old Country Road at 209,000 square feet, completed in 1988. The next largest completions are 395 North Service Road and 1300 Walt Whitman Rd.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1860 Walt Whitman Road | 1860 Walt Whitman Road, 11747 | 42,000 | 2009 |
| 40 Marcus Drive | 40 Marcus Drive, 11747 | 90,390 | 2005 |
| Three Greenway Plaza | 155 Pinelawn Road, 11747 | 102,000 | 2000 |
| 41 Pinelawn Road | 41 Pinelawn Road, 11747 | 62,234 | 1995 |
| 1300 Walt Whitman Rd | 1300 Walt Whitman Rd, 11747 | 132,741 | 1990 |
| The Melville Office Plaza | 175 Pinelawn Road, 11747 | 103,192 | 1990 |
| Two Greenway Plaza | 145 Pinelawn Road, 11747 | 102,000 | 1989 |
| Broadhollow Corporate Center | 532 Broadhollow Road, 11747 | 80,000 | 1989 |
| 201 Old Country Road | 201 Old Country Road, 11747 | 209,000 | 1988 |
| 395 North Service Road | 395 North Service Road, 11747 | 207,435 | 1988 |
See reports for other markets
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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.