Farmington Office Space

Farmington

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,300
As of: June 25, 2017

Farmington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Farmington region is going through a a boost 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 region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Farmington Listing Supply

In the last 90 days, 176 listings have been posted online, so you'll want to check back regularly for new listings. About 39% of the office spaces in the Farmington 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1984 and are Class B.

Farmington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Farmington folk. Commuting under 5 minutes 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 Farmington.
Market Report

Market Data

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

Farmington Hills Submarkets