Novi Retail

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Novi

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
4,400

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

Novi Listing Supply

In the last 90 days, 293 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Novi 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1995 and are Class B.

Novi Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the residents of Novi work from home. Commuting approximately an hour and a half 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 Novi.
Research