Macomb Industrial

Macomb

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,300
As of: February 26, 2017

Macomb Rates

The typical asking rate per listing is in the $20's per square foot per year. The Macomb submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Metro Detroit market, the Macomb region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Macomb Listing Supply

In the last 90 days, 12 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Macomb are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,300 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region were built in 2003 and are Class A.

Macomb Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Macomb residents. 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 Macomb.
Market Report

Market Data

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

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