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