Madison Heights Industrial

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
1,870
As of: June 24, 2017

Madison Heights Rates

On average, listings lease in the $10's per square foot per year. The Madison Heights submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $14 per sqft per year.

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

Madison Heights Listing Supply

In the last 90 days, 18 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 61% of the available leases in the Madison Heights 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.

The standard measurement for office space in this area is around 1,870 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1969 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