Royal Oak Office Space

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,520
As of: June 28, 2017

Royal Oak Rates

Most listings are in the $20's per square foot per year. The Royal Oak region is seeing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.

Compared to the rest of the Metro Detroit market, the Royal Oak region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Royal Oak Listing Supply

In the last 90 days, 32 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 56% of the office spaces in the Royal Oak 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1950 and are Class B.

Royal Oak Community

Market Report

Trends and status of the commercial real estate market in Royal Oak.
Market Report

Market Data

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

Royal Oak Submarkets