Bloomfield Hills Office Space

Bloomfield Hills

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,650
As of: August 16, 2017

Bloomfield Hills Rates

The typical asking rate per listing is in the $30's per square foot per year. The Bloomfield Hills region is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 20% rise in rent.

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

Bloomfield Hills Listing Supply

In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 15% 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 3,650 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1980 and are Class A.

Bloomfield Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills residents. 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 Bloomfield Hills.
Market Report

Market Data

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

Bloomfield Hills Submarkets