On average, listings lease in the $10's per square foot per year. The Warren submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Metro Detroit market, the Warren region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 379 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Warren are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,700 sqft. Most properties in this area are approximately 1 stories. Most buildings in this region were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Warren folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Warren.
Get email notifications when new listings are posted that match your requirements.