Farmington Industrial

Farmington

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,610
As of: June 22, 2017

Farmington Rates

On average, listings lease in the $20's per square foot per year. The Farmington region is seeing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.

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

Farmington Listing Supply

In the last 90 days, 176 listings have come on the market, so you'll want to check back regularly for new listings. About 40% of the listings in the Farmington are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,610 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1984 and are Class B.

Farmington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Farmington residents. Commuting under 5 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 Farmington.
Market Report

Market Data

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

Farmington Hills Submarkets