Franklin Office Space

Franklin

Office Space Market Report

Number of Listings (last 90 days)
51
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,360
As of: June 27, 2017

Franklin Rates

On average, listings lease in the $20's per square foot per year. The Franklin region is going through a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.

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

Franklin Listing Supply

In the last 90 days, 51 listings have been posted online, so you'll want to check back regularly for new listings. About 55% of the listings in the Franklin are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,360 sqft. Most buildings in this area are around 2 stories. Most buildings in this area 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 folk. Commuting close to 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