Lathrup Village Retail Space

Lathrup Village

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
700

Lathrup Village Rates

The typical asking rate per listing is in the $10's per square foot per year. The Lathrup Village submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the Metro Detroit market, the Lathrup Village submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Lathrup Village Listing Supply

In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Lathrup Village 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 700 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1966 and are Class B.

Lathrup Village Community

Market Data

Real time and historical data on commercial real estate listings in Lathrup Village.
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