Downtown Royal Oak Industrial

We couldn't find any industrial spaces for Lease and Sublease

Downtown Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,250
As of: July 27, 2017

Downtown Royal Oak Rates

On average, listings lease in the $10's per square foot per year. The Downtown Royal Oak submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 40% decrease in rent.

Compared to the rest of the Metro Detroit market, the Downtown Royal Oak submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Downtown Royal Oak Listing Supply

In the last 90 days, 14 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the office spaces in the Downtown Royal Oak are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,250 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 0 and are Class A.

Downtown Royal Oak Community

Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Royal Oak folk. Commuting more than an hour and a half 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 Downtown Royal Oak.
Market Report

Market Data

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

Royal Oak Submarkets