Madison Heights Industrial

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,210
As of: December 3, 2016

Madison Heights Rates

On average, listings lease in the $10's per square foot per year. The Madison Heights submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 13% decline in rent.

Compared to the rest of the Metro Detroit market, the Madison Heights region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Madison Heights Listing Supply

In the last 90 days, 14 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Madison Heights are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,700 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1967 and are Class B.

Madison Heights Community

Market Report

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

Market Data

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

Madison Heights Submarkets