Southgate Industrial

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

Southgate

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,000
As of: July 25, 2017

Southgate Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southgate region is seeing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year.

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

Southgate Listing Supply

In the last 90 days, 13 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 146% of the office spaces in the Southgate are subleases, so you might be able to find a shorter term or below market rent. 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 1,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1963 and are Class C.

Southgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Southgate residents. Commuting approximately 30 minutes 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 Southgate.
Market Report

Market Data

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

Southgate Submarkets