Franklin Office Space

Franklin

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,410
As of: January 18, 2017

Franklin Rates

Most listings are in the $20's per square foot per year. The Franklin region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.

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

Franklin Listing Supply

In the last 90 days, 14 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Franklin 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.

The standard measurement for office space in this area is around 2,410 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1977 and are Class B.

Franklin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Franklin residents. Commuting around 15 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 Franklin.
Market Report

Market Data

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

Beverly Hills Submarkets