Southfield Retail Space

Southfield

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,400

Southfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southfield submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Metro Detroit market, the Southfield region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Southfield Listing Supply

In the last 90 days, 2409 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Southfield 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 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 2,400 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1978 and are Class B.

Southfield Community

Market Data

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