New Baltimore Industrial

New Baltimore

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
300
As of: August 20, 2017

New Baltimore Rates

The typical asking rate per listing is in the $10's per square foot per year. The New Baltimore submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 33% decrease in rent.

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

New Baltimore Listing Supply

In the last 90 days, 8 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available leases in the New Baltimore are subleases, so you might be able to snag a great spot on a short term. 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 300 sqft. Most buildings in this area are around 1 floors. Most buildings in this market 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 occupants. 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