Farmington Hills Commercial Real Estate

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Transwestern
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31690 Twelve Mile Rd - Entire Building Farmington, Farmington Hills, MI  
Sep 01
11,650
sqft
For Sale Industrial Office
Farmington Hills' Sub Markets

Farmington Hills

Market Report

Number of Listings
Posted in the last 90 days
30
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,670

Farmington Hills Rates

On average, listings lease in the $20's per square foot per year. The Farmington Hills region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Metro Detroit market, the Farmington Hills region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Farmington Hills Listing Supply

In the last 90 days, 1309 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Farmington Hills are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1985 and are Class B.

Farmington Hills Community

Market Data

Real time and historical data on commercial real estate listings in Farmington Hills.
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