New Baltimore Industrial

New Baltimore

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
2,400
As of: December 4, 2016

New Baltimore Rates

On average, listings lease in the $10's per square foot per year. The New Baltimore submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a Inf% increase in rent.

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

New Baltimore Listing Supply

In the last 90 days, 9 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1990 and are Class B.

New Baltimore Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst New Baltimore folk. 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 New Baltimore.
Market Report

Market Data

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

New Baltimore Submarkets