Detroit Office Space

Detroit

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,900
As of: June 26, 2017

Detroit Rates

On average, listings lease 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 $22 per sqft per year.

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

Detroit Listing Supply

In the last 90 days, 105 listings have been made available, so you'll want to check back regularly for new listings. About 36% of the office spaces in the Detroit 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 4,900 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1939 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