Farmington Hills Industrial

Farmington Hills

Office Space Market Report

Number of Listings (last 90 days)
168
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,506
As of: August 21, 2017

Farmington Hills Rates

On average, listings lease in the $20's per square foot per year. The Farmington Hills region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Metro Detroit market, the Farmington Hills region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Farmington Hills Listing Supply

In the last 90 days, 168 listings have been listed, so you'll want to check back regularly for new listings. About 26% of the office spaces in the Farmington Hills are subleases, so you might be able to sign a shorter term by taking over a previous 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.

The standard measurement for office space in this area is around 1,290 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1985 and are Class B.

Farmington Hills Community

Market Report

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

Market Data

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

Farmington Hills Submarkets