Detroit Office Space

Detroit

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
8,490
As of: March 11, 2017

Detroit Rates

The typical asking rate per listing is in the $20's per square foot per year. The Detroit region is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 29% increase in rent.

Compared to the rest of the Detroit market, the Detroit region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Detroit Listing Supply

In the last 90 days, 105 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the listings in the Detroit are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 8,490 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1938 and are Class B.

Detroit Community

Market Report

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

Market Data

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