Melville, New York Commercial Real Estate 0 Listings

Melville, New York: A Premier Destination for Commercial Real Estate

Introduction

Melville, New York, located on Long Island, is a thriving hub for commercial real estate (CRE), offering diverse opportunities across various asset classes. As a prominent business center, Melville boasts a dynamic economy supported by key industry clusters such as technology, healthcare, and finance. Its strategic location and robust infrastructure make it an attractive destination for investors and businesses seeking prime commercial properties.

Economic and Industry Overview

Melville's economy is driven by several major industries, including:

Technology and Telecommunications: With companies like Canon and Arrow Electronics having a significant presence, the demand for office spaces and innovation hubs is considerable.
Healthcare: The proximity to major healthcare institutions fuels the need for medical office buildings and research facilities.
Finance and Insurance: The presence of numerous financial services firms increases the demand for high-quality office spaces.

The Long Island Association actively promotes economic development, fostering a business-friendly environment that supports the growth of these industries.

Strategic Location and Transportation Infrastructure

Melville benefits from excellent transportation infrastructure:

Highways: Easily accessible via the Long Island Expressway (I-495) and Northern State Parkway, providing efficient connectivity to New York City and beyond.
Airports: Proximity to JFK International and LaGuardia Airports.
Rail Lines: Served by the Long Island Rail Road, offering direct access to Manhattan and other key markets.

These logistical advantages make Melville an ideal location for distribution centers and businesses requiring robust access to labor pools and consumer markets.

Commercial Real Estate Inventory & Zoning

Submarkets and Asset Classes

Central Business District (CBD): A focal point for office and retail spaces.
Industrial Corridors: Located on the outskirts with warehouses and distribution centers.
Innovation Districts: Emerging areas fostering tech startups and co-working spaces.

Zoning and Incentives

Melville’s zoning regulations support diverse commercial uses and offer incentives for developers. The Town of Huntington Zoning Map provides detailed information on zoning classifications and overlays.

Major Employers and Institutions

Melville is home to several major employers, including:

Canon USA: A leading technology company with its North American headquarters in Melville.
Henry Schein: A global distributor of healthcare products.
Northwell Health: A major healthcare provider with facilities in the area.

These institutions drive significant demand for commercial spaces. More information can be found at the Huntington Economic Development Corporation.

Notable Commercial Developments & Projects

Melville is witnessing exciting new developments, such as:

The Residences at Melville: A mixed-use project offering retail and residential spaces.
Innovation Park at Melville: A planned tech campus fostering collaboration between startups and established firms.

These projects highlight Melville's commitment to growth and innovation. Visit the Town of Huntington Planning Department for more details.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Access comprehensive data from sources like census.gov and the Town of Huntington's Open Data Portal. Brevitas leverages AI-powered aggregation and internal insights to provide real-time market analysis. Explore Brevitas-powered dashboards for detailed insights into Melville's CRE market.