Detroit Office Space

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660 Woodward Ave - Space Detroit, MI  
Sep 26
2,750
sqft
Sublease Office
305 Michigan Ave - Space Downtown Detroit, Detroit, MI  
Sep 26
96,000
sqft
Office
645 Griswold St - Floor 47 Detroit, MI  
Sep 22
400,000
sqft
Office
553 E Jefferson Ave - 3 Spaces Downtown Detroit, Detroit, MI  
Jul 20
80 - 180
sqft
Office
22151 Moross Rd - Unit 150 Finney, Detroit, MI can be divisible
Jul 15
7,200
sqft
Office Medical
7430 2nd Ave - Space Detroit, MI  
Jun 09
66,250
sqft
Office Retail

Detroit

Market Report

Number of Listings
Posted in the last 90 days
28
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
5,000

Detroit Rates

Most listings are in the $30's per square foot per year. The Detroit submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 42% increase in rent.

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

Detroit Listing Supply

In the last 90 days, 1115 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Detroit are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1941 and are Class B.

Detroit Community

Market Data

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