New Baltimore Office Space

New Baltimore

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
300
As of: July 27, 2017

New Baltimore Rates

The typical asking rate per listing is in the $10's per square foot per year. The New Baltimore region is going through a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 33% decline in rent.

Compared to the rest of the Metro Detroit market, the New Baltimore submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

New Baltimore Listing Supply

In the last 90 days, 8 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 88% of the office spaces in the New Baltimore 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 300 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1990 and are Class B.

New Baltimore Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst New Baltimore residents. Commuting under 5 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 New Baltimore.
Market Report

Market Data

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

New Baltimore Submarkets