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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.
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.
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.
Real time and historical data on commercial real estate listings in New Center.
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