Novi Industrial

Novi

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,930
As of: August 19, 2017

Novi Rates

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

Novi Listing Supply

In the last 90 days, 25 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 68% of the office spaces in the Novi 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1995 and are Class B.

Novi Community

Market Report

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

Market Data

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

Novi Submarkets