Downtown Madison Heights Office Space

Downtown Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,150
As of: August 17, 2017

Downtown Madison Heights Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Madison Heights region is seeing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year.

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

Downtown Madison Heights Listing Supply

In the last 90 days, 0 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Downtown 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 1,150 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1950 and are Class C.

Downtown Madison Heights 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. Commute by walking is the most popular way to get to work amongst Downtown Madison Heights occupants. Commuting close to an hour 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 Madison Heights.
Market Report

Market Data

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

Madison Heights Submarkets