Metro Detroit Office Space

Metro Detroit

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Metro Detroit Rates

The typical asking rate per listing is in the $20's per square foot per year. The Metro Detroit submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

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

Metro Detroit Listing Supply

In the last 90 days, 963 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Metro Detroit are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,240 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1975 and are Class B.

Metro Detroit Community

Market Report

Trends and status of the commercial real estate market in Metro Detroit.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Metro Detroit.