Royal Oak Retail Space

Royal Oak

Market Report

Number of Listings
Posted in the last 90 days
15
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,550

Royal Oak Rates

Most listings are in the $20's per square foot per year. The Royal Oak submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.

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

Royal Oak Listing Supply

In the last 90 days, 202 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Royal Oak 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,310 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1950 and are Class B.

Royal Oak Community

Market Data

Real time and historical data on commercial real estate listings in Royal Oak.
Research