On average, listings lease in the $20's per square foot per year. The Southfield region is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metro Detroit market, the Southfield submarket has lower 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 3% of the available space 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 measurement for office space in this area is around 2,500 sqft. Most properties in this market are around 2 floors. 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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