Bloomfield Hills Industrial

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Bloomfield Hills

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,960

Bloomfield Hills Rates

On average, listings lease in the $20's per square foot per year. The Bloomfield Hills region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Bloomfield Hills Listing Supply

In the last 90 days, 309 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Bloomfield Hills are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1981 and are Class A.

Bloomfield Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Bloomfield Hills.
Research