Novi Office Space

Novi

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,852
As of: December 4, 2016

Novi Rates

Most listings are in the $20's per square foot per year. The Novi submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 34% rise in rent.

Compared to the rest of the Metro Detroit market, the Novi region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Novi Listing Supply

In the last 90 days, 24 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,852 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1995 and are Class B.

Novi Community

Market Report

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

Market Data

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

Novi Submarkets