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Downtown Detroit Office Space For Lease

660 Woodward Ave - Space Downtown Detroit, Detroit, MI  
Dec 17
2,750
sqft
Sublease Office

Downtown Detroit

Market Report

Number of Listings For Lease
Posted in the last 90 days
34
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,540

Downtown Detroit Commercial Real Estate

Find Downtown Detroit commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Downtown Detroit commercial real estate broker in Downtown Detroit's Top Broker Directory. Learn about Downtown Detroit commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Detroit Rates

On average, commerial real estate listings lease in the $20's per square foot per year. The Downtown Detroit submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.

Compared to the rest of the Detroit commercial real estate market, the Downtown Detroit region has higher rates for rent, and you may need to pay a premium to be in this hot region.

Downtown Detroit Listing Supply

In the last 90 days, 667 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases 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 posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,540 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built close to 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 market. 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