Farmington Office Space

Farmington

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,290
As of: August 19, 2017

Farmington Rates

On average, listings lease in the $20's per square foot per year. The Farmington submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

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

Farmington Listing Supply

In the last 90 days, 176 listings have been made available, so you'll want to check back regularly for new listings. About 25% of the office spaces in the Farmington are subleases, so you might be able to find a shorter term or below market rent. 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 1,290 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region 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 region. Commute by taxi is the most popular way to get to work amongst Farmington occupants. 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