Melville: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of Long Island, New York, Melville is a dynamic hub for commercial real estate (CRE). With its strategic location and robust economy, Melville offers an appealing environment for a variety of industries. Known for its concentration of corporate headquarters and business parks, the city boasts a thriving business climate that is ideal for office, industrial, and retail properties. As a major economic center, Melville presents unique opportunities for CRE professionals seeking growth and investment potential.

Economic and Industry Overview

Melville's economy is anchored by several key industries, including finance, healthcare, and technology. This diverse economic base drives demand for various property types:

• Office Space: Home to numerous corporate headquarters, Melville is a prime location for office properties.
• Industrial: The city's proximity to major transportation routes supports a thriving industrial sector.
• Retail: With a strong consumer base, retail properties in Melville are in high demand.

Regional economic development initiatives, such as those led by the Long Island Association, focus on fostering growth in these sectors, further enhancing Melville's CRE appeal.

Strategic Location and Transportation Infrastructure

Melville's strategic location on Long Island provides excellent connectivity:

• Highways: The Long Island Expressway (I-495) and Northern State Parkway offer easy access to New York City and beyond.
• Airports: Proximity to John F. Kennedy International Airport and LaGuardia Airport facilitates global business travel.
• Rail: The Long Island Rail Road connects Melville to major urban centers.

These logistical advantages make Melville an attractive location for distribution and access to a skilled labor pool.

Commercial Real Estate Inventory & Zoning

Melville's CRE market is characterized by several key submarkets:

• Central Business District (CBD): A bustling area with a mix of office and retail spaces.
• Industrial Corridors: Located near major highways, these areas are ideal for warehousing and logistics.
• Innovation Districts: Zones designed to support tech and research-based businesses.

Zoning changes and incentives, such as those detailed in the Town of Huntington's zoning maps, provide opportunities for developers to capitalize on emerging trends.

Major Employers and Institutions

Melville hosts a number of major employers and institutions, including:

• Canon U.S.A. Headquarters
• Henry Schein Inc.
• Nikon Inc.

These organizations, along with educational institutions like Farmingdale State College, drive significant CRE demand. For more information, visit the Town of Huntington's Economic Development site.

Notable Commercial Developments & Projects

Melville is home to several large-scale development projects:

• The Residences at Oheka: A luxury mixed-use development.
• Heartland Town Square: A major mixed-use project with retail, residential, and office components.

Public-private partnerships and Opportunity Zones, as detailed on the New York State Opportunity Zone page, further enhance development prospects.

Building Permits, Planning, and Development Tools

For those interested in development opportunities, the following resources are essential:

• Town of Huntington Building and Safety Department
• Online Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Public data sets, such as those available via census.gov and the Town of Huntington's open data portal, provide valuable insights. Brevitas utilizes AI-powered aggregation from these sources to deliver in-depth market analysis. Explore Brevitas-powered dashboards for Melville here.

Why Use Brevitas for Melville CRE?

Brevitas offers a comprehensive CRE solution with features such as:

• AI-driven CRE discovery: Uncover opportunities with precision.
• Real-time market alerts: Stay informed of market changes.
• Smart property pages and dealroom collaboration: Enhance your CRE transactions.

Unique features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Gain exclusive listings and premium exposure with Brevitas.