Downtown Detroit Industrial

Downtown Detroit

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
7,000
As of: June 28, 2017

Downtown Detroit Rates

On average, listings lease in the $20's per square foot per year. The Downtown Detroit submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Compared to the rest of the Detroit market, the Downtown Detroit submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Detroit Listing Supply

In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 31% of the available space in the Downtown Detroit 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this market were built in 1925 and are Class B.

Downtown Detroit Community

A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Detroit residents. Commuting between 30 and 45 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 Downtown Detroit.
Market Report

Market Data

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