Madison Heights Office Space

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,990
As of: February 22, 2017

Madison Heights Rates

Most listings are in the $10's per square foot per year. The Madison Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 9% rise in rent.

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

Madison Heights Listing Supply

In the last 90 days, 19 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Madison Heights are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,990 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1969 and are Class B.

Madison Heights Community

Market Report

Trends and status of the commercial real estate market in Madison Heights.
Market Report

Market Data

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