Southfield Office Space

Southfield

Office Space Market Report

Number of Listings (last 90 days)
413
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,810
As of: February 27, 2017

Southfield Rates

On average, listings lease in the $20's per square foot per year. The Southfield region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% increase in rent.

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

Southfield Listing Supply

In the last 90 days, 428 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Southfield are subleases, so you will probably have to consider a longer term lease. 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 2,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. 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