Royal Oak Office Space

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
8,930
As of: January 21, 2017

Royal Oak Rates

The typical asking rate per listing is in the $20's per square foot per year. The Royal Oak submarket is going through a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 26% decrease in rent.

Compared to the rest of the Metro Detroit market, the Royal Oak submarket has more expensive 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, 23 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Royal Oak are subleases, so you will probably have to focus your search on direct office leases. 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 8,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1946 and are Class 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