New Center Office Space For Lease

New Center

Market Report

Number of Listings For Lease
Posted in the last 90 days
27
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
710

New Center Commercial Real Estate

Find New Center 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. Learn about New Center commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

New Center Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. That's a 3% rise in rent.

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

New Center Listing Supply

In the last 90 days, 128 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,780 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built close to 1931 and are Class A.

New Center Community

A large portion of this region is residential, but there's plenty of office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst New Center residents. Commuting approximately an hour and a half 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 New Center.
Research