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Southfield Retail Space For Lease

Southfield

Market Report

Number of Listings For Lease
Posted in the last 180 days
131
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
450

Southfield Commercial Real Estate

Find Southfield commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Southfield commercial real estate broker in Southfield's Top Broker Directory. Learn about Southfield commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Southfield Rates

Most commerial real estate listings for lease are in the $20's per square foot per year. The Southfield submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $6 per sqft per year. That's a 29% rise in rent.

Compared to the rest of the Metro Detroit commercial real estate market, the Southfield region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.

Southfield Listing Supply

In the last 180 days, 2409 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings 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.

The standard size for office space in this area is around 450 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built close to 1978 and are Class B.

Southfield Community

Market Data

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