Oak Park Industrial

Oak Park

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
270
As of: May 20, 2017

Oak Park Rates

Most listings are in the $40's per square foot per year. The Oak Park region is experiencing a a rise in rates. In the last 3 months, the median rate increased $30 per sqft per year. That's a 192% rise in rent.

Compared to the rest of the Metro Detroit market, the Oak Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Oak Park Listing Supply

In the last 90 days, 12 listings have been listed, which means listings are probably 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 270 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1960 and are Class Class C.

Oak Park Community

Market Report

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

Market Data

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