Livonia Industrial

Livonia

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
6,400
As of: January 23, 2017

Livonia Rates

On average, listings lease in the $20's per square foot per year. The Livonia submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Metro Detroit market, the Livonia submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Livonia Listing Supply

In the last 90 days, 40 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Livonia are subleases, so you will probably have to consider a longer term 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.

Even though the median size is 6,400 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1978 and are Class B.

Livonia Community

Market Report

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

Market Data

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

Livonia Submarkets