Rochester Office Space

Rochester

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,220
As of: July 26, 2017

Rochester Rates

Most listings are in the $20's per square foot per year. The Rochester submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 23% decline in rent.

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

Rochester Listing Supply

In the last 90 days, 15 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Rochester are subleases, so you might be able to snag a great spot on a short term. 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 3,220 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1987 and are Class B.

Rochester Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Rochester occupants. 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 Rochester.
Market Report

Market Data

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

Rochester Hills Submarkets