Detroit Industrial

Detroit

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,000
As of: May 21, 2017

Detroit Rates

On average, listings lease in the $20's per square foot per year. The Detroit region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 25% decrease in rent.

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

Detroit Listing Supply

In the last 90 days, 105 listings have been made available, 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 have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1939 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