Farmington Office Space

Farmington

Office Space Market Report

Number of Listings (last 90 days)
181
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,250
As of: February 24, 2017

Farmington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Farmington region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.

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

Farmington Listing Supply

In the last 90 days, 181 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the listings in the Farmington are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,250 sqft. Most properties in this region are approximately 1 stories. 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 region. 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