Southfield Industrial

Southfield

Office Space Market Report

Number of Listings (last 90 days)
410
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,380
As of: July 23, 2017

Southfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southfield submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 20% increase in rent.

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

Southfield Listing Supply

In the last 90 days, 410 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the listings in the Southfield are subleases, so you might be able to snag a great spot on a short term. 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 4,010 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area 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