Madison Heights Office Space

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
1,870
As of: June 23, 2017

Madison Heights Rates

On average, listings lease in the $10's per square foot per year. The Madison Heights submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $14 per sqft per year.

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 depreciated submarket.

Madison Heights Listing Supply

In the last 90 days, 18 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 61% of the available space in the Madison Heights are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,870 sqft. Most buildings in this area are around 1 stories. 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