West Bloomfield Office Space

West Bloomfield

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,080
As of: July 21, 2017

West Bloomfield Rates

Most listings are in the $20's per square foot per year. The West Bloomfield region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Metro Detroit market, the West Bloomfield region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

West Bloomfield Listing Supply

In the last 90 days, 29 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 59% of the office spaces in the West Bloomfield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,300 sqft. Most properties in this market are close to 1 stories. Most buildings in this market were built in 1985 and are Class B.

West Bloomfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst West Bloomfield folk. Commuting close to an hour and a half 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 West Bloomfield.
Market Report

Market Data

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

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