Central Industrial

Central

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
960
As of: July 19, 2017

Central Rates

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

Central Listing Supply

In the last 90 days, 8 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 75% of the available leases in the Central are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 960 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1929 and are Class A.

Central Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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