Southfield Industrial

Southfield

Office Space Market Report

Number of Listings (last 90 days)
430
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,800
As of: February 19, 2017

Southfield Rates

Most listings are in the $20's per square foot per year. The Southfield region is experiencing a a rise 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 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, 430 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Southfield are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. 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