Farmington Hills Industrial

Farmington Hills

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

Farmington Hills Rates

On average, listings lease in the $20's per square foot per year. The Farmington Hills region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

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

Farmington Hills Listing Supply

In the last 90 days, 39 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Farmington Hills are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,100 sqft. Most properties in this area are around 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.

Farmington Hills Submarkets