Royal Oak Industrial

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,550
As of: May 21, 2017

Royal Oak Rates

Most listings are in the $20's per square foot per year. The Royal Oak region is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% rise in rent.

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

Royal Oak Listing Supply

In the last 90 days, 32 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Royal Oak are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,550 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 1950 and are Class B.

Royal Oak Community

Market Report

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

Market Data

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

Royal Oak Submarkets