Romulus Office Space

Romulus

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
20,920
As of: January 15, 2017

Romulus Rates

The typical asking rate per listing is 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 $14 per sqft per year.

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

Romulus Listing Supply

In the last 90 days, 2 listings have been made available, which means new availabilities might be leasing quickly. 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.

Even though the median size is 20,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1987 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 around 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