Ferndale Office Space

Ferndale

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,900
As of: March 12, 2017

Ferndale Rates

On average, listings lease in the $10's per square foot per year. The Ferndale submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decrease in rent.

Compared to the rest of the Metro Detroit market, the Ferndale submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Ferndale Listing Supply

In the last 90 days, 7 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,900 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1950 and are Class C.

Ferndale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the residents of Ferndale work from home. Commuting around 10 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 Ferndale.
Market Report

Market Data

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

Ferndale Submarkets