Southfield Medical

29205 Southfield Rd - 2 Spaces Southfield, MI  
Sep 08
900
sqft
Office Medical Retail

Southfield

Market Report

Number of Listings
Posted in the last 90 days
88
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,500

Southfield Rates

On average, listings lease in the $20's per square foot per year. The Southfield region is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Metro Detroit market, the Southfield submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Southfield Listing Supply

In the last 90 days, 2409 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Southfield are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1978 and are Class B.

Southfield Community

Market Data

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