Farmington Hills Retail

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Colliers International
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30064 Grand River Ave - 2 Spaces Farmington, Farmington Hills, MI  
Sep 26
990 - 1,600
sqft
Retail
Farmington Hills' Sub Markets

Farmington Hills

Market Report

Number of Listings
Posted in the last 90 days
30
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,506

Farmington Hills Rates

On average, listings lease in the $20's per square foot per year. The Farmington Hills region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Metro Detroit market, the Farmington Hills region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Farmington Hills Listing Supply

In the last 90 days, 1309 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Farmington Hills are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,506 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1985 and are Class B.

Farmington Hills Community

Market Data

Real time and historical data on commercial real estate listings in Farmington Hills.
Research