Hamtramck Office Space

Hamtramck

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
3,080
As of: July 25, 2017

Hamtramck Rates

The typical asking rate per listing is in the $10's per square foot per year. The Hamtramck submarket is going through a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year.

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

Hamtramck Listing Supply

In the last 90 days, 1 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available leases in the Hamtramck 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.

Even though the median size is 3,080 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1940 and are Class Class B.

Hamtramck Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Hamtramck occupants. Commuting between 20 and 25 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 Hamtramck.
Market Report

Market Data

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

Hamtramck Submarkets