Novi Office Space

Novi

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,930
As of: August 17, 2017

Novi Rates

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

Novi Listing Supply

In the last 90 days, 25 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 68% of the available leases in the Novi 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,930 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 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