Southfield Industrial

Southfield

Office Space Market Report

Number of Listings (last 90 days)
297
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,800
As of: January 17, 2017

Southfield Rates

Most listings are in the $20's per square foot per year. The Southfield submarket is going through a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Metro Detroit market, the Southfield region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Southfield Listing Supply

In the last 90 days, 305 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Southfield 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,860 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1978 and are Class B.

Southfield Community

Market Report

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

Market Data

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

Southfield Submarkets