New Baltimore Office Space

New Baltimore

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,200
As of: June 22, 2017

New Baltimore Rates

The typical asking rate per listing is in the $20's per square foot per year. The New Baltimore submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $28 per sqft per year.

Compared to the rest of the Metro Detroit market, the New Baltimore submarket has greater rates, and you'll need to make a great offer to be in this hot region.

New Baltimore Listing Supply

In the last 90 days, 8 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 88% of the available space 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.

Even though the median size is 3,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 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 area. 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