Southfield Retail Space For Lease

Southfield

Market Report

Number of Listings For Lease
Posted in the last 90 days
106
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
540

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

On average, commerial real estate listings lease in the $20's per square foot per year. The Southfield region is going through a an increase in rates. In the last 3 months, the median rate for lease went up $3 per sqft per year. That's a 13% increase in rent.

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

Southfield Listing Supply

In the last 90 days, 2409 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 2,490 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market 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