Berkley Industrial

Berkley

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
4,520
As of: January 17, 2017

Berkley Rates

The typical asking rate per listing is in the $30's per square foot per year. The Berkley region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 9% increase in rent.

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

Berkley Listing Supply

In the last 90 days, 6 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 1950 and are Class B.

Berkley Community

Market Report

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

Market Data

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