Detroit For Sale

Detroit

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
8,490
As of: March 11, 2017

Detroit Rates

On average, listings lease in the $20's per square foot per year. The Detroit region is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 29% rise in rent.

Compared to the rest of the Detroit market, the Detroit submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Detroit Listing Supply

In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Detroit 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.

Even though the median size is 8,490 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1938 and are Class B.

Detroit Community

Market Report

Trends and status of the commercial real estate market in Detroit.
Market Report

Market Data

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