Oak Park Commercial Real Estate

Oak Park

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
120

Oak Park Rates

On average, listings lease in the $40's per square foot per year. The Oak Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.

Compared to the rest of the Metro Detroit market, the Oak Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Oak Park Listing Supply

In the last 90 days, 58 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Oak Park 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 measurement for office space in this area is around 120 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region were built in 1960 and are Class Class C.

Oak Park Community

Market Data

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