Downtown Ferndale Office Space

Downtown Ferndale

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,350

Compared to the rest of the Metro Detroit market, the Downtown Ferndale submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Ferndale Listing Supply

In the last 90 days, 20 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the office spaces in the Downtown Ferndale are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1953 and are Class C.

Downtown Ferndale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Ferndale folk. Commuting under 5 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 Ferndale.
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