Farmington Hills Office Space

Farmington Hills

Office Space Market Report

Number of Listings (last 90 days)
168
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,290
As of: August 16, 2017

Farmington Hills Rates

The typical asking rate per listing is in the $20's per square foot per year. The Farmington Hills submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.

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

Farmington Hills Listing Supply

In the last 90 days, 168 listings have been made available, so you'll want to check back regularly for new listings. About 24% of the available leases in the Farmington Hills are subleases, so you might be able to snag a great spot on a short term. 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 1,290 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region 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