New Center Industrial

New Center

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,450
As of: February 26, 2017

New Center Rates

Most listings are in the $20's per square foot per year. The New Center submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Detroit market, the New Center submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

New Center Listing Supply

In the last 90 days, 2 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 6,450 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1959 and are Class A.

New Center Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst New Center occupants. Commuting approximately an hour and a half 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 New Center.
Market Report

Market Data

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