Downtown Detroit Retail

Need Help Finding Space?
Colliers International
I represent tenants and can
help you go see this space.

Downtown Detroit

Market Report

Number of Listings
Posted in the last 90 days
24
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
5,000

Downtown Detroit Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Detroit submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 42% increase in rent.

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

Downtown Detroit Listing Supply

In the last 90 days, 667 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Downtown Detroit 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.

Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1925 and are Class B.

Downtown Detroit Community

A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Detroit folk. 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 Downtown Detroit.
Research