Compared to the rest of the Metro Detroit market, the Downtown Madison Heights submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 30 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 10% of the available space in the Downtown Madison Heights are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1950 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Downtown Madison Heights residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Madison Heights.
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