Downtown South Lyon Office Space

Downtown South Lyon

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
350
As of: August 20, 2017

Downtown South Lyon Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown South Lyon region is going through a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

Compared to the rest of the Metro Detroit market, the Downtown South Lyon submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown South Lyon Listing Supply

In the last 90 days, 2 listings have come on the market, which means spaces most likley are 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 350 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1940 and are Class B.

Downtown South Lyon Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown South Lyon occupants. Commuting between 30 and 45 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 Downtown South Lyon.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown South Lyon.
Research

South Lyon Submarkets