Bingham Farms Office Space

Bingham Farms

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,390
As of: January 22, 2017

Bingham Farms Rates

On average, listings lease in the $20's per square foot per year. The Bingham Farms submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.

Compared to the rest of the Metro Detroit market, the Bingham Farms region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Bingham Farms Listing Supply

In the last 90 days, 13 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Bingham Farms are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,390 sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 1979 and are Class B.

Bingham Farms Community

Market Report

Trends and status of the commercial real estate market in Bingham Farms.
Market Report

Market Data

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