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: June 24, 2017

Oak Park Rates

Most listings are in the $40's per square foot per year. The Oak Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.

Compared to the rest of the Metro Detroit market, the Oak Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Oak Park Listing Supply

In the last 90 days, 12 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 83% of the available space in the Oak Park 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 270 sqft. Most buildings in this region are approximately 1 stories. 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