Find Lower East Detroit commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Lower East Detroit commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Lower East Detroit region is seeing a an increase in rates. In the last 3 months, the median rate for lease went up $19 per sqft per year.
Compared to the rest of the Detroit commercial real estate market, the Lower East Detroit submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 42 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available commercial real estate leases in the Lower East Detroit are subleases, so you will probably have to focus your search on direct leases. 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 size for office space in this area is around 2,500 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built close to 1941 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lower East Detroit folk. Commuting approximately 15 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 Lower East Detroit.
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