Detroit Commercial Real Estate

450 Eliot St - Entire Building University, Detroit, MI  
Sep 20
14,350
sqft
For Sale Office

Detroit

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,500

Detroit Rates

Most listings are in the $30's per square foot per year. The Detroit submarket is seeing 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 region.

Detroit Listing Supply

In the last 90 days, 1115 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area 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