West Bloomfield Retail

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West Bloomfield

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,270

West Bloomfield Rates

Most listings are in the $20's per square foot per year. The West Bloomfield submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the Metro Detroit market, the West Bloomfield region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West Bloomfield Listing Supply

In the last 90 days, 233 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the West Bloomfield 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 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 2,270 sqft. Most properties in this area are close to 1 stories. Most buildings in this region were built in 1984 and are Class B.

West Bloomfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst West Bloomfield occupants. Commuting close to 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 West Bloomfield.
Research