Bloomfield Hills Office Space

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Principal Associates
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6001 N Adams Rd - Space , MI  
Sep 19
22,150
sqft
Office
2520 Telegraph Rd - Space Bloomfield Hills, , MI  
Sep 19
4,960
sqft
Office
40700 Woodward Ave - Entire Building Bloomfield Hills, MI plus electric
Sep 01
32,000
sqft
Office Medical
1975 Orchard Lake Rd - Space , MI partial basement
Apr 26
1,550
sqft
Office Retail
Bloomfield Hills' Sub Markets

Bloomfield Hills

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,960

Bloomfield Hills Rates

The typical asking rate per listing is in the $20's per square foot per year. The Bloomfield Hills submarket is going through 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 region 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 4% of the available space in the Bloomfield Hills are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, 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 availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. 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 market. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills folk. 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