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)
3,300
As of: June 23, 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 an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Metro Detroit market, the Farmington Hills submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Farmington Hills Listing Supply

In the last 90 days, 168 listings have been posted online, so you'll want to check back regularly for new listings. About 43% of the listings in the Farmington Hills 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,610 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 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