2023 Office Space Rent & Sales
- $22.28 2023 Avg. Asking Rent
- -4.13% Y-o-Y Avg. Asking Rent Change
- 9.67% 2023 Office Vacancy Rate
Melbourne office price per square foot in 2023 was $22.28 on average. This marked a -4.13% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.67% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Florida Class A & A+ Office Space$36.87
- Florida Class B Office Space$27.52
- Florida Class C Office Space$32.32
Melbourne, FL Office Asking Rents by Class
Office Spaces for Rent in Florida
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Coworking Spaces in Florida
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2023 Office Construction in Melbourne, FL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Crane Creek Medical Center | 2222 S Harbor City Blvd, 32901 | 107,116 | 2009 |
| 336 N Babcock St | 336 N Babcock St, 32935 | 1,260 | 2008 |
| Suntree Office Tower | 6905 North Wickham Road, 32940 | 74,790 | 2006 |
| Indus Pavilion | 2200-2290 W. Eau Gallie Blvd, 32935 | 77,145 | 2003 |
| 1532 N Harbor City Blvd | 1532 N Harbor City Blvd, 32935 | 3,200 | 2003 |
| 1990 West NASA Blvd | 1990 West NASA Blvd, 32901 | 191,500 | 2000 |
| The Space Center | 1735 W Hibiscus Blvd Ste 300, 32901 | 5,985 | 2000 |
| 2825 Business Center Boulevard, D-6 | 2825 Business Center Boulevard, D-6, 32940 | 1,134 | 2000 |
| Freestanding River View Office Building with Great Signage Visibility along the Highway | 158 N Harbor City Blvd, 32935 | 34,102 | 1999 |
| Apollo Professional Tower | 1344 South Apollo Blvd, 32901 | 78,418 | 1998 |
Worth noting among recent office completions on the Melbourne market is Crane Creek Medical Center, which is currently the largest new office development in the city, at 107,116 square feet.
See reports for other markets
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- Tampa Office Rent Price
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Melbourne 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.