Commercial Real Estate Market in Melville, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
84 active listings and 1,315 off-market properties in Melville, NY. Commercial property asks $329/SF to buy and $24.98/SF/Yr to lease.
Market Trends
Melville, NY spans 12.6 square miles in Suffolk County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Melville, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Melville, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Melville, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Melville, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Melville, NY has 20,133 residents in 7,871 households. Density runs 1,598 people per square mile. Median household income here is $154,914 and median gross rent $3,501 a month.
20,133
Population
7,871
Households
2.6
Avg Household Size
51
Median Age
62%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,598
Density / Sq Mi
$154,914
Median Household Income
$78,688
Median Earnings
$3,501
Median Rent
$747,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodbury | — | — |
| Huntington Station | — | — |
| Farmingdale | — | — |
Commercial property in Melville, NY asks $329/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Melville?
Commercial property in Melville, NY asks an average of $329 per square foot.
How much does it cost to lease commercial space in Melville?
Asking lease rates in Melville, NY average $24.98 per square foot per year.
Where does Realmo's Melville market data come from?
Realmo compiles Melville, NY figures from 7 recent recorded sales, 29 active sale listings, 55 active lease listings, 1,315 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 55 active for-lease listings in Melville, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
