Utica Office Space

Utica

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
830

Utica Rates

Most listings are in the $10's per square foot per year. The Utica submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.

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

Utica Listing Supply

In the last 90 days, 218 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Utica are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 830 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1997 and are Class B.

Utica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Most of the residents of Utica work from home. 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 Utica.
Research