Southfield Downtown Office Space

Southfield Downtown

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Southfield Downtown Rates

On average, listings lease in the $10's per square foot per year. The Southfield Downtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

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

Southfield Downtown Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 6,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this region were built in 1973 and are Class B.

Southfield Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Southfield Downtown folk. Commuting approximately 30 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 Southfield Downtown.
Market Report

Market Data

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

Southfield Submarkets