Downtown Ferndale Retail

Downtown Ferndale

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,350

Downtown Ferndale Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Ferndale region is going through a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

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

Downtown Ferndale Listing Supply

In the last 90 days, 20 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the available space in the Downtown Ferndale 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 1,350 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst Downtown Ferndale residents. 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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