Northfield Office Space

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Northfield

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
17,840

Northfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northfield submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Metro Detroit market, the Northfield region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northfield Listing Supply

In the last 90 days, 351 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available leases in the Northfield 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 17,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1989 and are Class A.

Northfield Community

Public administration is the dominant industry in this market. Most of the folk of Northfield work from home. Commuting close to an hour 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 Northfield.
Research