Downtown Ferndale Office Space

Downtown Ferndale

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
9,530
As of: December 10, 2016

Downtown Ferndale Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Ferndale 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 Downtown Ferndale region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Ferndale Listing Supply

In the last 90 days, 1 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 9,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1953 and are Class C.

Downtown Ferndale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Ferndale 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 Downtown Ferndale.
Market Report

Market Data

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

Ferndale Submarkets