Bloomfield Hills Office Space

Bloomfield Hills

Office Space Market Report

Number of Listings (last 90 days)
62
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
7,460
As of: August 17, 2017

Bloomfield Hills Rates

Most listings are in the $30's per square foot per year. The Bloomfield Hills region is going through a decrease in rates. In the last 3 months, the median rate decreased $75 per sqft per year. That's a 70% decline in rent.

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

Bloomfield Hills Listing Supply

In the last 90 days, 6 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 117% of the listings in the Bloomfield Hills 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,460 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1980 and are Class A.

Bloomfield Hills Community

Market Report

Trends and status of the commercial real estate market in Bloomfield Hills.
Market Report

Market Data

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

Bloomfield Hills Submarkets