Detroit Commercial Real Estate

660 Woodward Ave - Space Detroit, MI  
Oct 17
2,750
sqft
Sublease Office
645 Griswold St - Floor 47 Detroit, MI  
Sep 22
400,000
sqft
Office

Detroit

Market Report

Number of Listings
Posted in the last 90 days
36
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,500

Detroit Rates

The typical asking rate per listing is in the $30's per square foot per year. The Detroit region is experiencing a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 45% increase in rent.

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

Detroit Listing Supply

In the last 90 days, 1115 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Detroit 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 3,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1941 and are Class B.

Detroit Community

Market Data

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