The Smart Zone Industrial

The Smart Zone

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
17,390
As of: June 28, 2017

The Smart Zone Rates

The typical asking rate per listing is in the $10's per square foot per year. The The Smart Zone region is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Compared to the rest of the Metro Detroit market, the The Smart Zone submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

The Smart Zone Listing Supply

In the last 90 days, 19 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 42% of the available leases in the The Smart Zone 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.

Even though the median size is 17,390 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1986 and are Class B.

The Smart Zone Community

This area is fairly equally mixed residential and commercial. Company management is the dominant industry in this area. Commute by car is the most popular way to get to work amongst The Smart Zone folk. 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 The Smart Zone.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Smart Zone.
Research