New Center Office Space

New Center

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
960
As of: July 26, 2017

New Center Rates

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

New Center Listing Supply

In the last 90 days, 1 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 600% of the office spaces in the New Center 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 960 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 1935 and are Class A.

New Center Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst New Center residents. Commuting approximately an hour and a half 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 New Center.
Market Report

Market Data

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