Farmington Hills Office Space

Farmington Hills

Office Space Market Report

Number of Listings (last 90 days)
170
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,370
As of: February 26, 2017

Farmington Hills Rates

On average, listings lease in the $20's per square foot per year. The Farmington Hills submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Metro Detroit market, the Farmington Hills submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Farmington Hills Listing Supply

In the last 90 days, 170 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Farmington Hills are subleases, so you will probably have to consider a longer term 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 2,370 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1985 and are Class B.

Farmington Hills Community

Market Report

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

Market Data

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

Farmington Hills Submarkets