Bloomfield Hills Office Space

Bloomfield Hills

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,320
As of: June 22, 2017

Bloomfield Hills Rates

Most listings are in the $20's per square foot per year. The Bloomfield Hills region is seeing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.

Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Bloomfield Hills Listing Supply

In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 43% of the listings in the Bloomfield Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,320 sqft. Most properties in this region are around 2 stories. Most buildings in this region 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 area. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills occupants. 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