Southfield Office Space

Southfield

Office Space Market Report

Number of Listings (last 90 days)
410
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
4,010
As of: May 22, 2017

Southfield Rates

Most listings are in the $20's per square foot per year. The Southfield region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

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

Southfield Listing Supply

In the last 90 days, 410 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Southfield 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,830 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1978 and are Class B.

Southfield Community

Market Report

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

Market Data

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

Southfield Submarkets