Rochester Industrial

Rochester

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,400
As of: December 5, 2016

Rochester Rates

The typical asking rate per listing is in the $20's per square foot per year. The Rochester submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.

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

Rochester Listing Supply

In the last 90 days, 9 listings have been listed, which means listings 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 2,020 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 1986 and are Class B.

Rochester Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Rochester residents. 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 Rochester.
Market Report

Market Data

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

Rochester Hills Submarkets