Northfield Industrial

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Northfield

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
17,840

Northfield Rates

Most listings are in the $20's per square foot per year. The Northfield region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Metro Detroit market, the Northfield region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Northfield Listing Supply

In the last 90 days, 351 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Northfield are subleases, so you will probably have to consider a longer term lease. 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 17,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1989 and are Class A.

Northfield Community

Public administration is the dominant industry in this market. Most of the occupants of Northfield work from home. Commuting close to an hour 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 Northfield.
Research