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Most commerial real estate listings for lease are in the $20's per square foot per year. The Novi region is seeing a decrease in rates. In the last 3 months, the median rate for lease fell $9 per sqft per year.
Compared to the rest of the Metro Detroit commercial real estate market, the Novi submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 293 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate leases in the Novi are subleases, so you will probably have to focus your search on direct 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 size for office space in this area is around 2,660 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built close to 1995 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Most of the folk of Novi work from home. Commuting around an hour and a half 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 Novi.
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