Utica Industrial

Utica

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,000
As of: January 19, 2017

Utica Rates

On average, listings lease in the $20's per square foot per year. The Utica submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.

Compared to the rest of the Metro Detroit market, the Utica region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Utica Listing Supply

In the last 90 days, 17 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1994 and are Class B.

Utica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Most of the folk of Utica work from home. Commuting between 30 and 45 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 Utica.
Market Report

Market Data

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

Utica Submarkets