Southfield Retail

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Southfield

Market Report

Number of Listings
Posted in the last 90 days
38
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
4,010

Southfield Rates

Most listings are in the $20's per square foot per year. The Southfield submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decrease in rent.

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

Southfield Listing Supply

In the last 90 days, 2409 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Southfield 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 3,360 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1978 and are Class B.

Southfield Community

Market Data

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