Romulus Office Space

Romulus

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
18,000
As of: February 24, 2017

Romulus Rates

On average, listings lease in the $10's per square foot per year. The Romulus region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 18% increase in rent.

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

Romulus Listing Supply

In the last 90 days, 6 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 18,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1983 and are Class C.

Romulus 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 market. Commute by public transit is the most popular way to get to work amongst Romulus residents. Commuting close to 30 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 Romulus.
Market Report

Market Data

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

Romulus Submarkets