Romulus Office Space

Romulus

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,390
As of: March 12, 2017

Romulus Rates

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

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

Romulus Listing Supply

In the last 90 days, 5 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,390 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area 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 region. Commute by public transit is the most popular way to get to work amongst Romulus folk. 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