Morley Office Space

Morley

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,650
As of: December 4, 2016

Morley Rates

Most listings are in the $20's per square foot per year. The Morley submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a Inf% rise in rent.

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

Morley Listing Supply

In the last 90 days, 3 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,650 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1928 and are Class Class B.

Morley Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Morley 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 Morley.
Market Report

Market Data

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