Downtown Detroit Office Space

660 Woodward Ave - Space Downtown Detroit, Detroit, MI  
Oct 20
2,750
sqft
Sublease Office

Downtown Detroit

Market Report

Number of Listings
Posted in the last 90 days
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,500

Downtown Detroit Rates

Most listings are in the $30's per square foot per year. The Downtown Detroit region is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 41% increase in rent.

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

Downtown Detroit Listing Supply

In the last 90 days, 667 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown Detroit 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1925 and are Class B.

Downtown Detroit Community

A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Detroit 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 Downtown Detroit.
Research